Exhibit 99.1

INVESTOR FINANCIAL SUPPLEMENT

JUNE 30, 2008

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Address:
One Hartford Plaza
Hartford, CT 06155

Internet address:
http://www.thehartford.com

Contacts:
Kimberly Johnson
Senior Vice President
Investor Relations
Phone (860) 547-6781

Rick Costello
Vice President
Investor Relations
Phone (860) 547-8480

JR (John) Reilly
Assistant Vice President
Investor Relations
Phone (860) 547-9140

Margaret Mann
Program Assistant
Investor Relations
Phone (860) 547-3800

As of July 18, 2008

					Standard &
	A.M. Best		Fitch		Poor’s		Moody’s
Insurance Financial Strength Ratings:
Hartford Fire Insurance Company		A+	AA		AA-		Aa3
Hartford Life Insurance Company		A+	AA		AA-		Aa3
Hartford Life and Accident Insurance Company		A+	AA		AA-		Aa3
Hartford Life and Annuity Insurance Company		A+	AA		AA-		Aa3
Hartford Life Insurance KK (Japan)		—		—	AA-			—
Hartford Life Limited (Ireland)		—		—	AA-			—
Other Ratings:
The Hartford Financial Services Group, Inc.:
Senior debt		a		A		A		A2
Commercial paper	AMB-1			F1	A-1		P-1
Junior subordinated debentures	bbb+			A-	BBB+			A3
Hartford Life, Inc.:
Senior debt		a		A		A		A2
Hartford Life Insurance Company:
Short term rating		—		—		A-1+	P-1
Consumer notes		a+	AA-		AA-			A1

TRANSFER AGENT
The Bank of New York Mellon
BNY Mellon Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310-1900
1 (877) 272-7740

COMMON STOCK

Common stock of The Hartford Financial Services Group, Inc. is traded on the New York Stock Exchange under the symbol “HIG”.

This report is for information purposes only. It should be read in conjunction with documents filed by The Hartford Financial Services Group, Inc. with the U.S. Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTOR FINANCIAL SUPPLEMENT
TABLE OF CONTENTS

	Basis of Presentation	i, ii, iii
CONSOLIDATED	Consolidated Financial Results	C-1
	Operating Results by Segment	C-2
	Analysis of Operating Results by Segment	C-2a
	Consolidating Statements of Operations
	Three Months Ended June 30, 2008 and 2007	C-3
	Six Months Ended June 30, 2008 and 2007	C-4
	Consolidating Balance Sheets
	As of June 30, 2008 and December 31, 2007	C-5
	Capital Structure	C-6
	Accumulated Other Comprehensive Income (Loss)	C-7
	Computation of Basic and Diluted Earnings Per Share	C-8
	Analysis of Net Realized Capital Gains and Losses
	Three Months Ended June 30, 2008 and 2007 After Tax and DAC	C-9
	Six Months Ended June 30, 2008 and 2007 After Tax and DAC	C-10
	Computation of Return-on-Equity Measures	C-11
LIFE	Financial Highlights	L-1
	Operating Results	L-2
	Total Assets Under Management	L-3
	Consolidated Balance Sheets	L-4
	Deferred Policy Acquisition Costs and Present Value of Future Profits	L-5
	Supplemental Data - Annuity Death and Income Benefits	L-6
	Reinsurance Recoverable Analysis
	As of March 31, 2008	L-7
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	L-8
	Retail Products Group
	Income Statements
	Individual Annuity	L-9
	Other	L-10
	Supplemental Data
	Deposits	L-11
	Assets Under Management	L-12
	Individual Annuity - Account Value Rollforward	L-13
	Other Retail - Asset Rollforward	L-14
	Individual Life
	Income Statements	L-15
	Supplemental Data	L-16
	Account Value Rollforward	L-17
	Retirement Plans
	Income Statements	L-18
	Supplemental Data
	Deposits	L-19
	Assets Under Management and Administration	L-20
	Account Value and Asset Rollforward	L-21
	Group Benefits
	Income Statements	L-22
	Supplemental Data	L-23
	International
	Highlights	L-24
	Japan
	Income Statements	L-25
	Supplemental Data - Account Value Rollforward in Dollars	L-26
	Supplemental Data - Account Value Rollforward in Yen	L-27
LIFE (CONT.)	Institutional Solutions Group
	Income Statements	L-28
	Supplemental Data
	Deposits	L-29
	Assets Under Management	L-30
	Account Value and Asset Rollforward	L-31
PROPERTY &	Financial Highlights	PC-1
CASUALTY	Operating Results	PC-2
	Ongoing Operations Operating Results	PC-3
	Ongoing Operations Consolidating Underwriting Results
	Three Months Ended June 30, 2008	PC-4
	Six Months Ended June 30, 2008	PC-5
	Ongoing Operations Underwriting Results	PC-6
	Personal Lines Underwriting Results	PC-7
	Personal Lines Written and Earned Premiums	PC-8
	Small Commercial Underwriting Results	PC-9
	Middle Market Underwriting Results	PC-10
	Specialty Commercial Underwriting Results	PC-11
	Specialty Commercial Written and Earned Premiums	PC-12
	Other Operations Operating Results	PC-13
	Other Operations Losses and Loss Adjustment Expenses	PC-14
	Summary of Gross Asbestos Reserves	PC-15
	Paid and Incurred Loss and Loss Adjustment Expense Development - A&E	PC-16
	Unpaid Loss and Loss Adjustment Expense Reserve Rollforward
	Three Months Ended June 30, 2008	PC-17
	Six Months Ended June 30, 2008	PC-18
	Reinsurance Recoverable Analysis	PC-19
	Consolidated Income Statements	PC-20
	Consolidated Balance Sheets	PC-21
	Statutory Surplus to GAAP Stockholders’ Equity Reconciliation	PC-22
INVESTMENTS	Investment Earnings Before-tax
	Consolidated	I-1
	Life	I-2
	Property & Casualty	I-3
	Corporate	I-4
	Net Realized Capital Gains (Losses), After-tax/DAC
	Three Months Ended June 30, 2008 and 2007	I-5
	Six Months Ended June 30, 2008 and 2007	I-6
	Composition of Invested Assets
	Consolidated	I-7
	Life	I-8
	Property & Casualty	I-9
	Unrealized Loss Aging
	Consolidated	I-10
	Life	I-11
	Property & Casualty	I-12
	Invested Asset Exposures
	As of June 30, 2008	I-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION

	DEFINITIONS AND PRESENTATION
•	All amounts are in millions, except for per share and ratio information unless otherwise stated.
•	Life is organized into four groups which are comprised of six reporting segments: The Retail Products Group (“Retail”) and Individual Life segments make up the Individual Markets Group. The Retirement Plans and Group Benefits segments make up the Employer Markets Group. The Institutional Solutions Group (“Institutional”) and International segments each make up their own group. Life also includes in an Other category its leveraged PPLI product line of business; corporate items not directly allocated to any of its reportable operating segments; the mark-to-market adjustment for the equity securities held for trading reported in net investment income and the related change in interest credited reported as a component of benefits, losses and loss adjustment expenses because these items are not considered by Life’s chief operating decision maker in evaluating the International results of operations; and inter-segment eliminations.
•	Property & Casualty includes Ongoing Operations and Other Operations. Ongoing Operations includes the underwriting results of Personal Lines, Small Commercial, Middle Market and Specialty Commercial segments. Other Operations includes the underwriting results of certain property and casualty insurance operations that have discontinued writing new business and substantially all of the Company’s asbestos and environmental exposures. The profitability of the Personal Lines, Small Commercial, Middle Market and Specialty Commercial segments are evaluated primarily based on underwriting results. The Company allocates income and expense items not directly attributed to the underwriting segments, such as net investment income, net realized capital gains and losses, other expenses and income taxes, to Ongoing Operations and Other Operations, respectively. The profitability of Ongoing Operations and the Other Operations segment is evaluated based on net income.
•	Corporate primarily includes the Company’s debt financing and related interest expense, as well as other capital raising and purchase accounting adjustment activities.
•	Certain operating and statistical measures have been incorporated herein to provide supplemental data that indicate current trends in The Hartford’s business. These measures include sales, deposits, net flows, account value, insurance in-force and premium retention. Premium retention is defined as renewal premium written in the current period divided by total premium written in the prior period.
•	The Hartford, along with others in the property and casualty insurance industry, uses underwriting ratios as measures of performance. The loss and loss adjustment expense ratio is the ratio of losses and loss adjustment expenses to earned premiums. The expense ratio is the ratio of underwriting expenses (amortization of deferred policy acquisition costs, as well as other underwriting expenses) to earned premiums. The policyholder dividend ratio is the ratio of policyholder dividends to earned premiums. The combined ratio is the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend ratio. These ratios are relative measurements that describe the related cost of losses and expenses for every $100 of earned premiums. A combined ratio below 100 demonstrates underwriting profit; a combined ratio above 100 demonstrates underwriting losses. The catastrophe ratio (a component of the loss ratio) represents the ratio of catastrophe losses to earned premiums.
•	The Hartford, along with others in the life insurance industry, uses underwriting ratios as measures of the Group Benefits segment’s performance. The loss ratio is the ratio of total benefits, losses and loss adjustment expenses, excluding buyouts, to total premiums and other considerations excluding buyout premiums. The expense ratio is the ratio of insurance operating costs and other expenses to total premiums and other considerations excluding buyout premiums.
•	Accumulated other comprehensive income (“AOCI”) represents net of tax unrealized gain (loss) on available-for-sale securities; net gain (loss) on cash-flow hedging instruments; foreign currency translation adjustments; and pension and other postretirement adjustments.
•	Assets under management is a measure used by the Company because a significant portion of the Company’s revenues are based upon asset values. These revenues increase or decrease with a rise or fall in the amount of assets under management whether caused by changes in the market or through net flow.
•	Assets under administration represents the client asset base of the Company’s recordkeeping business for which revenues are predominately based on the number of plan participants. Unlike assets under management, increases or decreases in assets under administration do not have a direct corresponding increase or decrease to the Company’s revenues.
•	Investment yield, before- or after-tax, is calculated by dividing before- or after-tax, respectively, annualized net investment income (excluding net realized capital gains (losses) and change in fair value of trading securities) by average invested assets at cost (fixed maturities at amortized cost, excluding trading securities).
•	Certain reclassifications have been made to the prior periods to conform to the June 30, 2008 presentation.
•	NM - Not meaningful means increases or decreases greater than or equal to 200%, or changes from a net gain to a net loss position, or vice versa.

i

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
BASIS OF PRESENTATION (CONTINUED)

	DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES
•	The Hartford uses non-GAAP and other financial measures in this Investor Financial Supplement to assist investors in analyzing the Company’s operating performance for the periods presented herein. Because The Hartford’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing The Hartford’s non-GAAP and other financial measures to those of other companies.
•	The Hartford uses the non-GAAP financial measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that the measure core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by the net effect of certain realized capital gains and losses. Some realized capital gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses (net of tax and the effects of deferred policy acquisition costs (“DAC”)) that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized capital gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives and net periodic settlements on the Japan fixed annuity cross-currency swap. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Core earnings is also used by management to assess our operating performance and is one of the measures considered in determining incentive compensation for our managers. Net income is the most directly comparable GAAP measure. Core earnings should not be considered as a substitute for net income and does not reflect the overall profitability of our business. Therefore, The Hartford believes that it is useful for investors to evaluate both net income and core earnings when reviewing the Company’s performance. A reconciliation of net income to core earnings for the periods presented herein is set forth on page C-8.
•	Core earnings per share is calculated based on the non-GAAP financial measure core earnings. The Hartford believes that the measure core earnings per share provides investors with a valuable measure of the Company’s operating performance for many of the same reasons applicable to its underlying measure, core earnings. Net income per share is the most directly comparable GAAP measure. Core earnings per share should not be considered as a substitute for net income per share and does not reflect the overall profitability of our business. Therefore, the Hartford believes that it is useful for investors to evaluate both net income per share and core earnings per share when reviewing our performance. A reconciliation of net income per share to core earnings per share for the periods presented herein is set forth on page C-8.
•	Written premiums is a statutory accounting financial measure used by The Hartford as an important indicator of the operating performance of the Company’s property and casualty operations. Because written premiums represents the amount of premium charged for policies issued, net of reinsurance, during a fiscal period, The Hartford believes it is useful to investors because it reflects current trends in The Hartford’s sale of property and casualty insurance products. Earned premiums, the most directly comparable GAAP measure, represents all premiums that are recognized as revenues during a fiscal period. The difference between written premiums and earned premiums is attributable to the change in unearned premium reserves. A reconciliation of written premiums to earned premiums for the periods presented herein is set forth at page PC-2.
•	The Hartford’s management evaluates profitability of the Personal Lines, Small Commercial, Middle Market and Specialty Commercial underwriting segments primarily on the basis of underwriting results. Underwriting results is a before-tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income is the most directly comparable GAAP measure. Underwriting results are influenced significantly by earned premium growth and the adequacy of The Hartford’s pricing. Underwriting profitability over time is also greatly influenced by The Hartford’s underwriting discipline, which seeks to manage exposure to loss through favorable risk selection and diversification, its management of claims, its use of reinsurance and its ability to manage its expense ratio, which it accomplishes through economies of scale and its management of acquisition costs and other underwriting expenses. The Hartford believes that underwriting results provides investors with a valuable measure of before-tax profitability derived from underwriting activities, which are managed separately from the Company’s investing activities. Underwriting results is also presented for Ongoing Operations, Other Operations and total Property & Casualty. A reconciliation of underwriting results to net income for total Property & Casualty, Ongoing Operations and Other Operations is set forth on pages PC-2, PC-3 and PC-13, respectively.
•	A catastrophe is a severe loss, resulting from natural or manmade events, including risks such as fire, earthquake, windstorm, explosion, terrorist attack and similar events. Each catastrophe has unique characteristics. Catastrophes are not predictable as to timing or loss amount in advance, and therefore their effects are not included in earnings or losses and loss adjustment expense reserves prior to occurrence. The Hartford believes that a discussion of the effect of catastrophes is meaningful for investors to understand the variability of periodic earnings.
•	Underwriting results before catastrophes and prior year development is a non-GAAP financial measure because it excludes the effects of catastrophes, prior year development and the reduction in earned premiums relating to retrospectively rated policies. The Company believes that this measure is useful to investors as an additional measure of Property & Casualty’s current operations, because it excludes the effect of items relating to prior periods. Net income is the most directly comparable GAAP measure. A reconciliation of the adjusted underwriting results to underwriting results and net income for the periods presented herein are set forth on page C-2a.

ii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

BASIS OF PRESENTATION (CONTINUED)

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES (CONTINUED)

• Book value per share excluding accumulated other comprehensive income (“AOCI”) is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) stockholders’ equity excluding AOCI, net of tax, by (b) common shares outstanding. The Hartford provides book value per share excluding AOCI to enable investors to analyze the amount of the Company’s net worth that is primarily attributable to the Company’s business operations. The Hartford believes book value per share excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per share is the most directly comparable GAAP measure. A reconciliation of book value per share to book value per share excluding AOCI for the periods presented herein is set forth at page C-1.

• The Hartford provides different measures of the return on equity (“ROE”) of the Company. ROE (core earnings last twelve months to equity excluding AOCI), is calculated based on non-GAAP financial measures. ROE (core earnings last twelve months to equity excluding AOCI) is calculated by dividing (a) core earnings for the prior four fiscal quarters by (b) average stockholders’ equity excluding AOCI. The Hartford provides to investors return-on-equity measures based on its non- GAAP core earnings financial measures for the reasons set forth in the related discussion above. The Hartford excludes AOCI in the calculation of these return-on-equity measures to provide investors with a measure of how effectively the Company is investing the portion of the Company’s net worth that is primarily attributable to the Company’s business operations. ROE (net income last twelve months to equity including AOCI) is the most directly comparable GAAP measure. A reconciliation of the non-GAAP return-on-equity measures for the periods presented herein to ROE (net income last twelve months to equity including AOCI) is set forth at page C-11.

iii

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATED FINANCIAL RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
HIGHLIGHTS
Net income	$	627		$	851		$	595		$	145		$	543			(13	%)	NM			$	1,503		$	688			(54	%)
Core earnings	$	764		$	1,060		$	840		$	792		$	696			(9	%)		(12	%)	$	1,607		$	1,488			(7	%)
Total revenues	$	7,660		$	5,823		$	5,674		$	1,544		$	7,503			(2	%)	NM			$	14,419		$	9,047			(37	%)
Total assets	$	345,511		$	356,271		$	360,361		$	344,168		$	333,840			(3	%)		(3	%)
Total assets under management [1]	$	405,666		$	419,332		$	426,764		$	424,193		$	416,269			3	%		(2	%)
PER SHARE AND SHARES DATA
Basic earnings per share
Net income	$	1.98		$	2.70		$	1.90		$	0.46		$	1.74			(12	%)	NM			$	4.72		$	2.20			(53	%)
Core earnings	$	2.41		$	3.36		$	2.68		$	2.52		$	2.23			(7	%)		(12	%)	$	5.05		$	4.76			(6	%)
Diluted earnings per share
Net income	$	1.96		$	2.68		$	1.88		$	0.46		$	1.73			(12	%)	NM			$	4.68		$	2.19			(53	%)
Core earnings	$	2.39		$	3.33		$	2.66		$	2.51		$	2.22			(7	%)		(12	%)	$	5.00		$	4.73			(5	%)
Weighted average common shares outstanding (basic)		316.8			315.4			313.4			313.8			311.7		(5.1		)sh	(2.1		)sh		318.2			312.7		(5.5		)sh
Weighted average common shares outstanding and dilutive potential common shares (diluted)		319.6			318.0			316.1			315.7			313.1		(6.5		)sh	(2.6		)sh		321.2			314.4		(6.8		)sh
Common shares outstanding		317.6			313.7			313.8			314.5			303.1		(14.5		)sh	(11.4		)sh		317.6			303.1		(14.5		)sh
Book value per share	$	58.72		$	60.41		$	61.20		$	56.71		$	55.51			(5	%)		(2	%)
Per share impact of AOCI	$	(1.89	)	$	(2.12	)	$	(2.73	)	$	(7.08	)	$	(9.17	)	NM				(30	%)
Book value per share (excluding AOCI)	$	60.61		$	62.53		$	63.93		$	63.79		$	64.68			7	%		1	%
FINANCIAL RATIOS
ROE (net income last 12 months to equity including AOCI) [2]		17.9	%		17.1	%		15.5	%		12.1	%		12.0	%		(5.9	)		(0.1	)
ROE (core earnings last 12 months to equity excluding AOCI) [2]		17.4	%		18.4	%		18.1	%		17.8	%		17.4	%		—			(0.4	)
Debt to capitalization including AOCI		19.5	%		19.2	%		19.0	%		21.8	%		26.2	%		6.7			4.4
Investment yield, after-tax		4.2	%		4.0	%		4.0	%		3.6	%		3.6	%		(0.6	)		—			4.2	%		3.6	%		(0.6	)
Ongoing Property & Casualty GAAP combined ratio		91.7			91.4			91.1			87.8			95.8			(4.1	)		(8.0	)		90.3			91.8			(1.5	)

[1]	Includes mutual fund assets (see page L-3) and third party assets managed by HIMCO (see page I-7).
[2]	See page C-11 for a computation of return-on-equity measures.

C-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
OPERATING RESULTS BY SEGMENT
(A reconciliation of core earnings to net income for each of the segments is set forth on the respective segment pages contained in this supplement.)

																Year over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
LIFE
Retail Products Group
Individual Annuity	$	184		$	365		$	192		$	174		$	189			3	%		9	%	$	361		$	363			1	%
Other Retail		16			17			17			13			14			(13	%)		8	%		31			27			(13	%)
Total Retail Products Group		200			382			209			187			203			2	%		9	%		392			390			(1	%)
Individual Life		46			64			40			41			43			(7	%)		5	%		92			84			(9	%)
Total Individual Markets Group		246			446			249			228			246			—			8	%		484			474			(2	%)
Retirement Plans		26			18			22			17			33			27	%		94	%		49			50			2	%
Group Benefits		86			92			92			70			85			(1	%)		21	%		154			155			1	%
Total Employer Markets Group		112			110			114			87			118			5	%		36	%		203			205			1	%
International Markets Group		59			79			61			67			64			8	%		(4	%)		114			131			15	%
Institutional Solutions Group		32			38			35			22			27			(16	%)		23	%		67			49			(27	%)
Other [1]		(14	)		9			(2	)		(11	)		(5	)		64	%		55	%		(15	)		(16	)		(7	%)
Total Life core earnings [2]		435			682			457			393			450			3	%		15	%		853			843			(1	%)
Ongoing Operations Underwriting Results
Personal Lines		84			78			30			105			18			(79	%)		(83	%)		214			123			(43	%)
Small Commercial		101			119			204			119			69			(32	%)		(42	%)		185			188			2	%
Middle Market		34			22			55			51			1			(97	%)		(98	%)		67			52			(22	%)
Specialty Commercial		(2	)		6			(55	)		43			20		NM				(53	%)		44			63			43	%
Total Ongoing Operations underwriting results		217			225			234			318			108			(50	%)		(66	%)		510			426			(16	%)
Net servicing income		14			16			11			(1	)		8			(43	%)	NM				25			7			(72	%)
Net investment income		385			346			357			310			334			(13	%)		8	%		736			644			(13	%)
Periodic net coupon settlements on credit derivatives, before-tax		3			5			4			2			1			(67	%)		(50	%)		6			3			(50	%)
Other expenses		(56	)		(63	)		(69	)		(57	)		(65	)		(16	%)		(14	%)		(116	)		(122	)		(5	%)
Income tax expense		(165	)		(138	)		(155	)		(172	)		(105	)		36	%		39	%		(343	)		(277	)		19	%
Ongoing Operations core earnings [1]		398			391			382			400			281			(29	%)		(30	%)		818			681			(17	%)
Other Operations core earnings [3]		(36	)		14			32			26			2		NM				(92	%)		(8	)		28		NM
Total Property & Casualty core earnings		362			405			414			426			283			(22	%)		(34	%)		810			709			(12	%)
Total Corporate core earnings [2]		(33	)		(27	)		(31	)		(27	)		(37	)		(12	%)		(37	%)		(56	)		(64	)		(14	%)
CONSOLIDATED
Core earnings		764			1,060			840			792			696			(9	%)		(12	%)		1,607			1,488			(7	%)
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [2][4]		(137	)		(209	)		(245	)		(647	)		(153	)		(12	%)		76	%		(104	)		(800	)	NM
Net income	$	627		$	851		$	595		$	145		$	543			(13	%)	NM			$	1,503		$	688			(54	%)
PER SHARE DATA [5]
Diluted earnings per share
Core earnings	$	2.39		$	3.33		$	2.66		$	2.51		$	2.22			(7	%)		(12	%)	$	5.00		$	4.73			(5	%)
Net income	$	1.96		$	2.68		$	1.88		$	0.46		$	1.73			(12	%)	NM			$	4.68		$	2.19			(53	%)

[1]	Included in the three months ended June 30, 2007 in Life core earnings is a charge of $21, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 in Ongoing Operations core earnings is a charge of $9, after-tax, to reserve for regulatory matters.
[2]	Included in the three months ended September 30, 2007 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs. See page L-1 for further details by Life segment.
[3]	The three months ended June 30, 2007 included a charge of $64, after-tax, principally as a result of an adverse arbitration decision. The three months ended September 30, 2007 included an environmental reserve increase of $16, after-tax. The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax.
[4]	Includes those net realized capital gains (losses) not included in core earnings. See pages C-9 and C-10 for further analysis.
[5]	See page C-8 for reconciliation of net income to core earnings.

C-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF OPERATING RESULTS BY SEGMENT
(A reconciliation of core earnings to net income for each of the segments is set forth on the respective segment pages contained in this supplement.)

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
LIFE
Retail Products Group
Individual Annuity	$	184		$	365		$	192		$	174		$	189			3	%		9	%	$	361		$	363			1	%
Other Retail		16			17			17			13			14			(13	%)		8	%		31			27			(13	%)
Total Retail Products Group		200			382			209			187			203			2	%		9	%		392			390			(1	%)
Individual Life		46			64			40			41			43			(7	%)		5	%		92			84			(9	%)
Total Individual Markets Group		246			446			249			228			246			—			8	%		484			474			(2	%)
Retirement Plans		26			18			22			17			33			27	%		94	%		49			50			2	%
Group Benefits		86			92			92			70			85			(1	%)		21	%		154			155			1	%
Total Employer Markets Group		112			110			114			87			118			5	%		36	%		203			205			1	%
International		59			79			61			67			64			8	%		(4	%)		114			131			15	%
Institutional Solutions Group		32			38			35			22			27			(16	%)		23	%		67			49			(27	%)
Other [1]		(14	)		9			(2	)		(11	)		(5	)		64	%		55	%		(15	)		(16	)		(7	%)
Total Life core earnings [2]		435			682			457			393			450			3	%		15	%		853			843			(1	%)
PROPERTY & CASUALTY
Ongoing Operations Underwriting Results Before Catastrophes and Prior Year Development:
Personal Lines		120			111			61			127			116			(3	%)		(9	%)		271			243			(10	%)
Small Commercial		86			78			77			126			102			19	%		(19	%)		172			228			33	%
Middle Market		37			32			20			44			12			(68	%)		(73	%)		93			56			(40	%)
Specialty Commercial		14			25			15			20			10			(29	%)		(50	%)		46			30			(35	%)
Total Ongoing Operations underwriting results before catastrophes and prior year development		257			246			173			317			240			(7	%)		(24	%)		582			557			(4	%)
Catastrophes, excluding prior year development		(52	)		(32	)		(65	)		(50	)		(171	)	NM			NM				(80	)		(221	)		(176	%)
Prior year reserve development:
Catastrophe loss and loss adjustment expenses		(3	)		(8	)		(4	)		11			1		NM				(91	%)		2			12		NM
Other loss and loss adjustment expenses		15			19			130			40			38			153	%		(5	%)		6			78		NM
Total Ongoing Operations underwriting results		217			225			234			318			108			(50	%)		(66	%)		510			426			(16	%)
Net servicing income		14			16			11			(1	)		8			(43	%)	NM				25			7			(72	%)
Net investment income		385			346			357			310			334			(13	%)		8	%		736			644			(13	%)
Periodic net coupon settlements on credit derivatives, before-tax		3			5			4			2			1			(67	%)		(50	%)		6			3			(50	%)
Other expenses		(56	)		(63	)		(69	)		(57	)		(65	)		(16	%)		(14	%)		(116	)		(122	)		(5	%)
Income tax expense		(165	)		(138	)		(155	)		(172	)		(105	)		36	%		39	%		(343	)		(277	)		19	%
Ongoing Operations core earnings [1]		398			391			382			400			281			(29	%)		(30	%)		818			681			(17	%)
Other Operations core earnings [3]		(36	)		14			32			26			2		NM				(92	%)		(8	)		28		NM
Total Property & Casualty core earnings		362			405			414			426			283			(22	%)		(34	%)		810			709			(12	%)
CORPORATE
Total Corporate core earnings [2]		(33	)		(27	)		(31	)		(27	)		(37	)		(12	%)		(37	%)		(56	)		(64	)		(14	%)
CONSOLIDATED
Core earnings		764			1,060			840			792			696			(9	%)		(12	%)		1,607			1,488			(7	%)
Add: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings [2][4]		(137	)		(209	)		(245	)		(647	)		(153	)		(12	%)		76	%		(104	)		(800	)	NM
Net income	$	627		$	851		$	595		$	145		$	543			(13	%)	NM			$	1,503		$	688			(54	%)

[1]	Included in the three months ended June 30, 2007 in Life core earnings is a charge of $21, after-tax, to reserve for regulatory matters. Included in the three months ended June 30, 2007 in Ongoing Operations core earnings is a charge of $9, after-tax, to reserve for regulatory matters.
[2]	Included in the three months ended September 30, 2007 in Life core earnings, Corporate core earnings and net realized gain (losses), after-tax, is $227, $3, and $(17), respectively, related to the effect of the unlock of deferred acquisition costs. See page L-1 for further details by Life segment.
[3]	The three months ended June 30, 2007 included a charge of $64, after-tax, principally as a result of an adverse arbitration decision. The three months ended September 30, 2007 included an environmental reserve increase of $16, after-tax. The three months ended June 30, 2008 included an asbestos reserve increase of $33, after-tax.
[4]	Includes those net realized capital gains (losses) not included in core earnings. See pages C-9 and C-10 for further analysis.

C-2a

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Earned premiums	$	1,245		$	1,305			5	%	$	2,622		$	2,586			(1	%)	$	—		$	—			—		$	3,867		$	3,891			1	%
Fee income		1,341			1,381			3	%		—			—			—			5			5			—			1,346			1,386			3	%
Net investment income
Securities available-for-sale and other		884			829			(6	%)		446			391			(12	%)		6			10			67	%		1,336			1,230			(8	%)
Equity securities held for trading [1]		1,234			1,153			(7	%)		—			—			—			—			—			—			1,234			1,153			(7	%)
Total net investment income		2,118			1,982			(6	%)		446			391			(12	%)		6			10			67	%		2,570			2,383			(7	%)
Other revenues		—			—			—			124			125			1	%		1			—			(100	%)		125			125			—
Net realized capital losses		(221	)		(228	)		(3	%)		(24	)		(51	)		(113	%)		(3	)		(3	)		—			(248	)		(282	)		(14	%)
Total revenues		4,483			4,440			(1	%)		3,168			3,051			(4	%)		9			12			33	%		7,660			7,503			(2	%)
Benefits, losses and loss adjustment expenses		1,724			1,760			2	%		1,820			1,826			—			—			—			—			3,544			3,586			1	%
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		1,234			1,153			(7	%)		—			—			—			—			—			—			1,234			1,153			(7	%)
Amortization of deferred policy acquisition costs and present value of future profits		309			285			(8	%)		528			521			(1	%)		—			—			—			837			806			(4	%)
Insurance operating costs and expenses		788			858			9	%		177			189			7	%		—			—			—			965			1,047			8	%
Interest expense		1			1			—			—			—			—			65			76			17	%		66			77			17	%
Other expenses [2]		12			4			(67	%)		168			182			8	%		(3	)		(4	)		(33	%)		177			182			3	%
Total benefits and expenses		4,068			4,061			—			2,693			2,718			1	%		62			72			16	%		6,823			6,851			-
Income (loss) before income taxes		415			379			(9	%)		475			333			(30	%)		(53	)		(60	)		(13	%)		837			652			(22	%)
Income tax expense (benefit)		97			45			(54	%)		131			84			(36	%)		(18	)		(20	)		(13	%)		210			109			(48	%)
Net income (loss)		318			334			5	%		344			249			(28	%)		(35	)		(40	)		(14	%)		627			543			(13	%)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings		(117	)		(116	)		1	%		(18	)		(34	)		(89	%)		(2	)		(3	)		(50	%)		(137	)		(153	)		(12	%)
Core earnings	$	435		$	450			3	%	$	362		$	283			(22	%)	$	(33	)	$	(37	)		(12	%)	$	764		$	696			(9	%)

[1]	Includes investment income and mark-to-market effects of equity securities held for trading supporting the International variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.
[2]	The three months ended June 30, 2007 and 2008 included $7 and $4, $12 and $11, and $(19) and $(15) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

C-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING STATEMENTS OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Earned premiums	$	2,453		$	2,534			3	%	$	5,245		$	5,200			(1	%)	$	—		$	—			—		$	7,698		$	7,734			—
Fee income		2,619			2,713			4	%		—			—			—			9			10			11	%		2,628			2,723			4	%
Net investment income (loss)
Securities available-for-sale and other		1,736			1,648			(5	%)		859			756			(12	%)		14			19			36	%		2,609			2,423			(7	%)
Equity securities held for trading [1]		1,444			(2,425	)	NM				—			—			—			—			—			—			1,444			(2,425	)	NM
Total net investment income (loss)		3,180			(777	)	NM				859			756			(12	%)		14			19			36	%		4,053			(2	)	NM
Other revenues		—			—			—			242			245			1	%		—			—			—			242			245			1	%
Net realized capital losses		(198	)		(1,448	)	NM				(1	)		(203	)	NM				(3	)		(2	)		33	%		(202	)		(1,653	)	NM
Total revenues		8,054			3,022			(62	%)		6,345			5,998			(5	%)		20			27			35	%		14,419			9,047			(37	%)
Benefits, losses and loss adjustment expenses		3,382			3,478			3	%		3,495			3,465			(1	%)		—			—			—			6,877			6,943			1	%
Benefits, losses and loss adjustment expenses — returns credited on International variable annuities [1]		1,444			(2,425	)	NM				—			—			—			—			—			—			1,444			(2,425	)	NM
Amortization of deferred policy acquisition costs and present value of future profits		653			230			(65	%)		1,056			1,044			(1	%)		—			—			—			1,709			1,274			(25	%)
Insurance operating costs and expenses		1,525			1,655			9	%		328			342			4	%		—			—			—			1,853			1,997			8	%
Interest expense		1			2			100	%		—			—			—			128			142			11	%		129			144			12	%
Other expenses [2]		42			23			(45	%)		335			362			8	%		(19	)		(14	)		26	%		358			371			4	%
Total benefits and expenses		7,047			2,963			(58	%)		5,214			5,213			—			109			128			17	%		12,370			8,304			(33	%)
Income (loss) before income taxes		1,007			59			(94	%)		1,131			785			(31	%)		(89	)		(101	)		(13	%)		2,049			743			(64	%)
Income tax expense (benefit)		251			(120	)	NM				326			210			(36	%)		(31	)		(35	)		(14	%)		546			55			(90	%)
Net income (loss)		756			179			(76	%)		805			575			(29	%)		(58	)		(66	)		(14	%)		1,503			688			(54	%)
Less: Net realized capital losses, net of tax and DAC, excluded from core earnings		(97	)		(664	)	NM				(5	)		(134	)	NM				(2	)		(2	)		—			(104	)		(800	)	NM
Core earnings	$	853		$	843			(1	%)	$	810		$	709			(12	%)	$	(56	)	$	(64	)		(14	%)	$	1,607		$	1,488			(7	%)

[1]	Includes investment income and mark-to-market effects of equity securities held for trading supporting the International variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within benefits, losses and loss adjustment expenses.
[2]	The six months ended June 30, 2007 and 2008 included $18 and $13, $26 and $21, and $(44) and $(34) in Life, Property & Casualty and Corporate, respectively, of interest charged by Corporate on the amount of capital held by the Life and Property & Casualty operations in excess of the amount needed to support the capital requirements of the Life and Property & Casualty operations.

C-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2007 AND JUNE 30, 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,						Dec. 31,			Jun. 30,
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	52,542		$	49,683			(5	%)	$	27,205		$	25,234			(7	%)	$	308		$	151			(51	%)	$	80,055		$	75,068			(6	%)
Equity securities, trading, at fair value		36,182			36,853			2	%		—			—			—			—			—			—			36,182			36,853			2	%
Equity securities, available-for-sale, at fair value		1,284			1,194			(7	%)		1,208			1,327			10	%		103			98			(5	%)		2,595			2,619			1	%
Policy loans, at outstanding balance		2,061			2,146			4	%		—			—			—			—			—			—			2,061			2,146			4	%
Mortgage loans on real estate		4,739			5,135			8	%		671			747			11	%		—			—			—			5,410			5,882			9	%
Other investments		1,840			2,301			25	%		1,298			1,456			12	%		43			41			(5	%)		3,181			3,798			19	%
Short-term investments		1,158			2,756			138	%		284			1,073		NM				160			1,298		NM				1,602			5,127		NM
Total investments		99,806			100,068			—			30,666			29,837			(3	%)		614			1,588			159	%		131,086			131,493			—
Cash		1,770			1,842			4	%		241			241			—			—			1		NM				2,011			2,084			4	%
Premiums receivable and agents’ balances		427			392			(8	%)		3,254			3,233			(1	%)		—			—			—			3,681			3,625			(2	%)
Reinsurance recoverables		1,419			1,535			8	%		3,731			3,613			(3	%)		—			—			—			5,150			5,148			—
Deferred policy acquisition costs and present value of future profits		10,514			11,706			11	%		1,228			1,246			1	%		—			—			—			11,742			12,952			10	%
Deferred income taxes		(754	)		(135	)		82	%		662			1,013			53	%		400			381			(5	%)		308			1,259		NM
Goodwill		805			867			8	%		149			149			—			772			772			—			1,726			1,788			4	%
Property and equipment, net		374			383			2	%		598			639			7	%		—			—			—			972			1,022			5	%
Other assets		1,869			1,797			(4	%)		1,312			1,194			(9	%)		558			637			14	%		3,739			3,628			(3	%)
Separate account assets		199,946			170,841			(15	%)		—			—			—			—			—			—			199,946			170,841			(15	%)
Total assets	$	316,176		$	289,296			(9	%)	$	41,841		$	41,165			(2	%)	$	2,344		$	3,379			44	%	$	360,361		$	333,840			(7	%)
Future policy benefits, unpaid losses and loss adjustment expenses	$	15,331		$	15,772			3	%	$	22,153		$	22,315			1	%	$	—		$	—			—		$	37,484		$	38,087			2	%
Other policyholder funds and benefits payable		44,190			46,563			5	%		—			—			—			—			—			—			44,190			46,563			5	%
Other policyholder funds and benefits payable — International variable annuities		36,152			36,822			2	%		—			—			—			—			—			—			36,152			36,822			2	%
Unearned premiums		147			161			10	%		5,402			5,372			(1	%)		(4	)		(3	)		25	%		5,545			5,530			—
Debt		115			91			(21	%)		13			—			(100	%)		4,379			5,880			34	%		4,507			5,971			32	%
Consumer notes		809			1,113			38	%		—			—			—			—			—			—			809			1,113			38	%
Other liabilities		8,045			7,712			(4	%)		4,855			4,647			(4	%)		(376	)		(270	)		28	%		12,524			12,089			(3	%)
Separate account liabilities		199,946			170,841			(15	%)		—			—			—			—			—			—			199,946			170,841			(15	%)
Total liabilities		304,735			279,075			(8	%)		32,423			32,334			—			3,999			5,607			40	%		341,157			317,016			(7	%)
Equity excluding AOCI, net of tax		11,868			11,888			—			9,428			9,536			1	%		(1,234	)		(1,820	)		(47	%)		20,062			19,604			(2	%)
AOCI, net of tax		(427	)		(1,667	)	NM				(10	)		(705	)	NM				(421	)		(408	)		3	%		(858	)		(2,780	)	NM
Total stockholders’ equity		11,441			10,221			(11	%)		9,418			8,831			(6	%)		(1,655	)		(2,228	)		(35	%)		19,204			16,824			(12	%)
Total liabilities and stockholders’ equity	$	316,176		$	289,296			(9	%)	$	41,841		$	41,165			(2	%)	$	2,344		$	3,379			44	%	$	360,361		$	333,840			(7	%)

C-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
CAPITAL STRUCTURE

																Year Over
																Year			Sequential
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month
	2007			2007			2007			2008			2008			Change			Change
DEBT
Short-term debt (includes current maturities of long-term debt and capital lease obligations)	$	423		$	822		$	1,365		$	1,364		$	1,353		NM				(1	%)
Capital lease obligations		90			90			91			67			67			(26	%)		—
Senior notes		4,005			3,580			3,051			3,551			4,051			1	%		14	%
Junior subordinated debentures		—			—			—			—			500		NM			NM
Total debt [1]	$	4,518		$	4,492		$	4,507		$	4,982		$	5,971			32	%		20	%
STOCKHOLDERS’ EQUITY
Equity excluding AOCI, net of tax	$	19,249		$	19,616		$	20,062		$	20,061		$	19,604			2	%		(2	%)
AOCI, net of tax		(601	)		(666	)		(858	)		(2,225	)		(2,780	)	NM				(25	%)
Total stockholders’ equity	$	18,648		$	18,950		$	19,204		$	17,836		$	16,824			(10	%)		(6	%)
CAPITALIZATION
Total capitalization including AOCI, net of tax	$	23,166		$	23,442		$	23,711		$	22,818		$	22,795			(2	%)		—
Total capitalization excluding AOCI, net of tax	$	23,767		$	24,108		$	24,569		$	25,043		$	25,575			8	%		2	%
DEBT TO CAPITALIZATION RATIOS
Ratios Including AOCI
Total debt to capitalization		19.5	%		19.2	%		19.0	%		21.8	%		26.2	%		6.7			4.4
Ratios Excluding AOCI
Total debt to capitalization		19.0	%		18.6	%		18.3	%		19.9	%		23.3	%		4.3			3.4
Total adjusted debt to capitalization [2] [3] [4]		23.1	%		22.7	%		21.8	%		23.1	%		25.0	%		1.9			1.9

[1]	The Hartford excludes consumer notes from total debt for capital structure analysis. Consumer notes were $588, $723, $809, $971, and $1,113 as of June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008, and June 30, 2008, respectively.
[2]	Reflects a rating agency assignment in the leverage calculation of an estimate of the adjusted unfunded pension liability of the Company’s defined benefit plans and six times the Company’s rental expense on operating leases for total adjustments of $1.1 billion, $1.1 billion, $1.0 billion, $0.9 billion, and $0.9 billion for the three months ended June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008, and June 30, 2008, respectively.
[3]	Reflects the assignment by certain rating agencies in the leverage calculation of 75% equity credit for the $500 junior subordinated debentures as of June 30, 2008.
[4]	Reflects a rating agency assignment to adjust equity for pension related amounts that are included in AOCI.

C-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ACCUMULATED OTHER COMPREHENSIVE LOSS

				PROPERTY &
	LIFE			CASUALTY			CORPORATE			CONSOLIDATED
As of June 30, 2008
Fixed maturities unrealized loss	$	(1,524	)	$	(684	)	$	(1	)	$	(2,209	)
Equities unrealized gain (loss)		(146	)		(34	)		4			(176	)
Net deferred gain (loss) on cash-flow hedging instruments		(111	)		(17	)		2			(126	)
Total unrealized gain (loss)		(1,781	)		(735	)		5			(2,511	)
Foreign currency translation adjustments		114			(14	)		—			100
Pension and other postretirement adjustment		—			44			(413	)		(369	)
Total accumulated other comprehensive loss	$	(1,667	)	$	(705	)	$	(408	)	$	(2,780	)
As of December 31, 2007
Fixed maturities unrealized loss	$	(293	)	$	(67	)	$	—		$	(360	)
Equities unrealized gain (loss)		(58	)		51			8			1
Net deferred loss on cash-flow hedging instruments		(115	)		(25	)		—			(140	)
Total unrealized gain (loss)		(466	)		(41	)		8			(499	)
Foreign currency translation adjustments		39			(13	)		—			26
Pension and other postretirement adjustment		—			44			(429	)		(385	)
Total accumulated other comprehensive loss	$	(427	)	$	(10	)	$	(421	)	$	(858	)

C-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE

	THREE MONTHS ENDED															SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			JUNE 30,
	2007			2007			2007			2008			2008			2007			2008
Numerator:
Net income	$	627		$	851		$	595		$	145		$	543		$	1,503		$	688
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(137	)		(209	)		(245	)		(647	)		(153	)		(104	)		(800	)
Core earnings		764			1,060			840			792			696			1,607			1,488
Denominator:
Weighted average common shares outstanding (basic)		316.8			315.4			313.4			313.8			311.7			318.2			312.7
Dilutive effect of stock compensation		2.8			2.6			2.7			1.9			1.4			3.0			1.7
Weighted average common shares outstanding and dilutive potential common shares (diluted)		319.6			318.0			316.1			315.7			313.1			321.2			314.4
Basic earnings per share
Net income	$	1.98		$	2.70		$	1.90		$	0.46		$	1.74		$	4.72		$	2.20
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(0.43	)		(0.66	)		(0.78	)		(2.06	)		(0.49	)		(0.33	)		(2.56	)
Core earnings		2.41			3.36			2.68			2.52			2.23			5.05			4.76
Diluted earnings per share
Net income	$	1.96		$	2.68		$	1.88		$	0.46		$	1.73		$	4.68		$	2.19
Less: Net realized capital gains (losses), net of tax and DAC, excluded from core earnings		(0.43	)		(0.65	)		(0.78	)		(2.05	)		(0.49	)		(0.32	)		(2.54	)
Core earnings		2.39			3.33			2.66			2.51			2.22			5.00			4.73

C-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS AND LOSSES AFTER TAX AND DAC
THREE MONTHS ENDED JUNE 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007				2008			Change
Net Realized Capital Gains (Losses), After Tax and DAC
Net gains (losses) on sales	$	(10	)	$	4		NM			$	1		$	12		NM			$	—		$	—			—			$	(9	)	$	16		NM
Impairments Credit related [1]		2			(32	)	NM				(6	)		(10	)		(67	%)		—			—			—				(4	)		(42	)	NM
Other [2]		(17	)		(30	)		(76	%)		(7	)		(16	)		(129	%)		—			—			—				(24	)		(46	)		(92	%)
Total impairments		(15	)		(62	)	NM				(13	)		(26	)		(100	%)		—			—			—				(28	)		(88	)	NM
Japanese fixed annuity, net [3]		(11	)		(6	)		45	%		—			—			—			—			—			—				(11	)		(6	)		45	%
GMWB derivatives, net [4]		(65	)		(6	)		91	%		—			—			—			—			—			—				(65	)		(6	)		91	%
Other [5]		(29	)		(50	)		(72	%)		(4	)		(19	)	NM				(2	)		(3	)		(50	%)			(35	)		(72	)		(106	%)
Total net realized capital gains (losses), after tax and DAC		(130	)		(120	)		8	%		(16	)		(33	)		(106	%)		(2	)		(3	)		(50	%)			(148	)		(156	)		(5	%)
Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings to Total Net Realized Capital Gains (Losses) — After Tax and DAC
Total net realized capital gains (losses)	$	(130	)	$	(120	)		8	%	$	(16	)	$	(33	)		(106	%)	$	(2	)	$	(3	)		(50	%)		$	(148	)	$	(156	)		(5	%)
Less: total net realized capital gains (losses) included in core earnings		(13	)		(4	)		69	%		2			1			(50	%)		—			—			—				(11	)		(3	)		73	%
Total net realized capital gains (losses), after tax and DAC, excluded from core earnings	$	(117	)	$	(116	)		1	%	$	(18	)	$	(34	)		(89	%)	$	(2	)	$	(3	)		(50	%)		$	(137	)	$	(153	)		(12	%)

[1]	Relates to impairments for which the Company has current concerns regarding the issuer’s ability to pay future interest and principal amounts based upon the security’s contractual terms or the depression in security value is primarily related to significant issuer specific or sector credit spread widening.
[2]	Primarily relates to impairments of securities that had declined in value primarily due to changes in interest rate or general or modest spread widening and for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow recovery to cost or amortized cost.
[3]	Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized gain of $20 and $33 would have been recognized as an adjustment to this amount in the three months ended June 30, 2007 and 2008, respectively.
[4]	Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[5]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments.

C-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
ANALYSIS OF NET REALIZED CAPITAL GAINS AND LOSSES AFTER TAX AND DAC
SIX MONTHS ENDED JUNE 30, 2007 AND 2008

	LIFE									PROPERTY & CASUALTY									CORPORATE									CONSOLIDATED
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007				2008			Change
Net Realized Capital Gains (Losses), After Tax and DAC
Net gains (losses) on sales	$	10		$	(40	)	NM			$	18		$	(20	)	NM			$	—		$	(1	)	NM				$	28		$	(61	)	NM
Impairments Credit related [1]		(5	)		(165	)	NM				(7	)		(47	)	NM				—			—			—				(12	)		(212	)	NM
Other [2]		(18	)		(41	)		(128	%)		(7	)		(26	)	NM				—			—			—				(25	)		(67	)		(168	%)
Total impairments		(23	)		(206	)	NM				(14	)		(73	)	NM				—			—			—				(37	)		(279	)	NM
Japanese fixed annuity, net [3]		(8	)		(15	)		(88	%)		—			—			—			—			—			—				(8	)		(15	)		(88	%)
GMWB derivatives, net [4]		(54	)		(47	)		13	%		—			—			—			—			—			—				(54	)		(47	)		13	%
SFAS 157 transition impact [5]		—			(220	)	NM				—			—			—			—			—			—				—			(220	)	NM
Other [6]		(40	)		(142	)	NM				(5	)		(39	)	NM				(2	)		(1	)		50	%			(47	)		(182	)	NM
Total net realized capital gains (losses), after tax and DAC		(115	)		(670	)	NM				(1	)		(132	)	NM				(2	)		(2	)		—				(118	)		(804	)	NM
Reconciliation of Net Realized Capital Gains (Losses), net of tax and DAC, excluded from Core Earnings to Total Net Realized Capital Gains (Losses) — After Tax and DAC
Total net realized capital gains (losses)	$	(115	)	$	(670	)	NM			$	(1	)	$	(132	)	NM			$	(2	)	$	(2	)		—			$	(118	)	$	(804	)	NM
Less: total net realized capital gains (losses) included in core earnings		(18	)		(6	)		67	%		4			2			(50	%)		—			—			—				(14	)		(4	)		71	%
Total net realized capital gains (losses), after tax and DAC, excluded from core earnings	$	(97	)	$	(664	)	NM			$	(5	)	$	(134	)	NM			$	(2	)	$	(2	)		—			$	(104	)	$	(800	)	NM

[1]	Relates to impairments for which the Company has current concerns regarding the issuer’s ability to pay future interest and principal amounts based upon the security’s contractual terms or the depression in security value is primarily related to significant issuer specific or sector credit spread widening.
[2]	Primarily relates to impairments of securities that had declined in value primarily due to changes in interest rate or general or modest spread widening and for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow recovery to cost or amortized cost.
[3]	Represents realized gains and losses related to currency remeasurement on yen denominated fixed annuity liabilities and changes in fair value of the associated foreign currency swaps. While economically hedged, volatility exists due to a difference in the basis of accounting between the yen liabilities (historical cost) and the currency swaps (fair value). The primary difference relates to changes in Japan interest rates which are included in the fair value of the currency swaps but not the yen liabilities. If the economic impact of the change in Japan interest rates was permitted to be reflected in the value of the yen denominated fixed annuity liabilities, an estimated realized gain of $18 and $25 would have been recognized as an adjustment to this amount in the six months ended June 30, 2007 and 2008, respectively.
[4]	Represents the net activity associated with the guaranteed minimum withdrawal benefit (“GMWB”) feature in certain of the Company’s life products. The net activity includes the fair value of the embedded derivatives associated with these products, related reinsurance and the fair value of the derivatives used to hedge this exposure.
[5]	Includes SFAS 157 implementation losses related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[6]	Primarily consists of changes in fair value on non-qualifying derivatives, changes in fair value of certain derivatives in fair value hedge relationships and hedge ineffectiveness on qualifying derivative instruments.

C-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF RETURN-ON-EQUITY MEASURES

	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,
	2007			2007			2007			2008			2008
Numerator [1]:
Net income — last 12 months	$	3,044		$	3,137		$	2,949		$	2,218		$	2,134
Core earnings — last 12 months	$	3,102		$	3,435		$	3,507		$	3,456		$	3,388
Denominator [2]:
Average equity, including AOCI		17,015.5			18,341.5			19,040.0			18,344.0			17,736.0
Less: Average AOCI		(762.5	)		(301.0	)		(340.0	)		(1,024.0	)		(1,690.5	)
Average equity, excluding AOCI		17,778.0			18,642.5			19,380.0			19,368.0			19,426.5
ROE (net income last 12 months to equity including AOCI)		17.9	%		17.1	%		15.5	%		12.1	%		12.0	%
ROE (core earnings last 12 months to equity excluding AOCI)		17.4	%		18.4	%		18.1	%		17.8	%		17.4	%

[1]	For a reconciliation of net income to core earnings, see page C-8.
[2]	Average equity is calculated by taking the sum of equity at the beginning of the twelve month period and equity at the end of the twelve month period and dividing by 2.

C-11

LIFE

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
FINANCIAL HIGHLIGHTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
REVENUES
Retail Products Group
Individual Annuity [1]	$	768		$	774		$	783		$	722		$	721			(6	%)		—		$	1,492		$	1,443			(3	%)
Other Retail		200			207			223			213			222			11	%		4	%		383			435			14	%
Total Retail Products Group		968			981			1,006			935			943			(3	%)		1	%		1,875			1,878			—
Individual Life [1]		292			283			304			291			310			6	%		7	%		579			601			4	%
Total Individual Markets Group		1,260			1,264			1,310			1,226			1,253			(1	%)		2	%		2,454			2,479			1	%
Retirement Plans		150			151			152			157			188			25	%		20	%		294			345			17	%
Group Benefits		1,208			1,179			1,183			1,180			1,213			—			3	%		2,411			2,393			(1	%)
Total Employer Markets Group		1,358			1,330			1,335			1,337			1,401			3	%		5	%		2,705			2,738			1	%
International Markets Group		216			231			241			258			264			22	%		2	%		423			522			23	%
Institutional Solutions Group		552			829			580			523			559			1	%		7	%		1,072			1,082			1	%
Other		71			51			53			40			38			(46	%)		(5	%)		130			78			(40	%)
Core revenues before net investment income (loss) on equity securities held for trading		3,457			3,705			3,519			3,384			3,515			2	%		4	%		6,784			6,899			2	%
Net investment income (loss) on equity securities held for trading [2]		1,234			(698	)		(601	)		(3,578	)		1,153			(7	%)	NM				1,444			(2,425	)	NM
Total core revenues	$	4,691		$	3,007		$	2,918		$	(194	)	$	4,668			—		NM			$	8,228		$	4,474			(46	%)
Net realized losses and other, before tax and DAC, excluded from core revenues		(208	)		(282	)		(331	)		(1,224	)		(228	)		(10	%)		81	%		(174	)		(1,452	)	NM
Total revenues	$	4,483		$	2,725		$	2,587		$	(1,418	)	$	4,440			(1	%)	NM			$	8,054		$	3,022			(62	%)
CORE EARNINGS BY SEGMENT
Retail Products Group
Individual Annuity [3]	$	184		$	365		$	192		$	174		$	189			3	%		9	%	$	361		$	363			1	%
Other Retail [3]		16			17			17			13			14			(13	%)		8	%		31			27			(13	%)
Total Retail Products Group		200			382			209			187			203			2	%		9	%		392			390			(1	%)
Individual Life [3]		46			64			40			41			43			(7	%)		5	%		92			84			(9	%)
Total Individual Markets Group		246			446			249			228			246			—			8	%		484			474			(2	%)
Retirement Plans [3]		26			18			22			17			33			27	%		94	%		49			50			2	%
Group Benefits		86			92			92			70			85			(1	%)		21	%		154			155			1	%
Total Employer Markets Group		112			110			114			87			118			5	%		36	%		203			205			1	%
International Markets Group [3]		59			79			61			67			64			8	%		(4	%)		114			131			15	%
Institutional Solutions Group [3]		32			38			35			22			27			(16	%)		23	%		67			49			(27	%)
Other [4]		(14	)		9			(2	)		(11	)		(5	)		64	%		55	%		(15	)		(16	)		(7	%)
Core earnings		435			682			457			393			450			3	%		15	%		853			843			(1	%)
Net realized losses, net of tax and DAC, excluded from core earnings [3]		(117	)		(157	)		(180	)		(548	)		(116	)		1	%		79	%		(97	)		(664	)	NM
Net income (loss)	$	318		$	525		$	277		$	(155	)	$	334			5	%	NM			$	756		$	179			(76	%)
ROE (core earnings last 12 months to equity excluding AOCI)		18.5	%		21.1	%		21.4	%		21.8	%		20.6	%		2.1			(1.2	)
Assets under management	$	353,428		$	366,818		$	371,707		$	370,290		$	362,509			3	%		(2	%)
DAC capitalization		522			524			489			428			413						(4	%)
DAC amortization		309			(49	)		280			(55	)		285					NM
DAC and PVFP assets		9,516			10,275			10,514			11,586			11,706						1	%
United States Statutory surplus ($ in billions) [5]	$	4.8		$	4.9		$	5.8		$	5.7		$	5.4

[1]	Includes charges of $5 and $8, after tax, recorded in the three months ended September 30, 2007 for the unlock of unearned revenue reserves in Individual Annuity and Individual Life, respectively.
[2]	These revenues will fluctuate principally due to the investment income and the mark-to-market adjustment of the trading investment portfolio supporting the variable annuity business in the international operations, principally in Japan. An equal and offsetting amount is recorded in benefits, losses and loss adjustment expenses, and as such has no impact on core earnings or net income.
[3]	Includes the effect of the unlock on amortization of deferred policy acquisition costs and present value of future profits, death benefits, sales inducements and mutual fund and other fees recorded in the three months ended September 30, 2007. The after-tax benefits (charges) recorded in Individual Annuity, Other Retail, Retirement Plans, Institutional Solutions Group, Individual Life and International Markets Group were $198, ($1), ($9), $1, $16 and $22, respectively. The after-tax charge recorded in net realized gains (losses) excluded from core earnings was ($17).
[4]	Included in the three months ended June 30, 2007 is a charge of $21, after-tax, to reserve for regulatory matters.
[5]	Estimated United States statutory surplus at June 30, 2008.

L-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
REVENUES
Earned premiums	$	1,245		$	1,434		$	1,236		$	1,229		$	1,305			5	%		6	%	$	2,453		$	2,534			3	%
Fee income		1,341			1,394			1,407			1,339			1,390			4	%		4	%		2,619			2,729			4	%
Net investment income (loss)
Securities available-for-sale and other		884			883			878			819			829			(6	%)		1	%		1,736			1,648			(5	%)
Equity securities held for trading [1]		1,234			(698	)		(601	)		(3,578	)		1,153			(7	%)	NM				1,444			(2,425	)	NM
Total net investment income (loss)		2,118			185			277			(2,759	)		1,982			(6	%)	NM				3,180			(777	)	NM
Net realized capital losses — core		(13	)		(6	)		(2	)		(3	)		(9	)		31	%	NM				(24	)		(12	)		50	%
Total core revenues		4,691			3,007			2,918			(194	)		4,668			—		NM				8,228			4,474			(46	%)
Net realized losses and other, before tax and DAC, excluded from core revenues		(208	)		(282	)		(331	)		(1,224	)		(228	)		(10	%)		81	%		(174	)		(1,452	)	NM
Total revenues		4,483			2,725			2,587			(1,418	)		4,440			(1	%)	NM				8,054			3,022			(62	%)
BENEFITS AND EXPENSES
Benefits, losses and loss adjustment expenses		1,724			1,911			1,709			1,729			1,771			3	%		2	%		3,382			3,500			3	%
Benefits, losses and loss adjustment expenses — Returns credited on International variable annuities [1]		1,234			(698	)		(601	)		(3,578	)		1,153			(7	%)	NM				1,444			(2,425	)	NM
Amortization of deferred policy acquisition costs and present value of future profits		336			(10	)		339			317			321			(4	%)		1	%		678			638			(6	%)
Insurance operating costs and other expenses		801			811			851			817			863			8	%		6	%		1,568			1,680			7	%
Total benefits and expenses		4,095			2,014			2,298			(715	)		4,108			—		NM				7,072			3,393			(52	%)
CORE EARNINGS
Core earnings before income taxes		596			993			620			521			560			(6	%)		7	%		1,156			1,081			(6	%)
Income tax expense		161			311			163			128			110			(32	%)		(14	%)		303			238			(21	%)
Core earnings		435			682			457			393			450			3	%		15	%		853			843			(1	%)
Net realized losses and other, net of tax and DAC, excluded from core earnings		(117	)		(157	)		(180	)		(548	)		(116	)		1	%		79	%		(97	)		(664	)	NM
Net income (loss)	$	318		$	525		$	277		$	(155	)	$	334			5	%	NM				756			179			(76	%)

[1] Includes dividend income and mark-to-market effects of trading securities supporting the international variable annuity business, which are classified in net investment income with corresponding amounts credited to policyholders within interest credited.

L-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
TOTAL ASSETS UNDER MANAGEMENT

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
TOTAL ASSETS UNDER MANAGEMENT	2007		2007		2007		2008		2008		Change			Change
Assets
General account	$	109,802	$	114,310	$	116,230	$	118,697	$	118,455		8	%		—
Separate account		191,814		197,877		199,946		181,273		170,841		(11	%)		(6	%)
Total assets		301,616		312,187		316,176		299,970		289,296		(4	%)		(4	%)
Mutual fund assets [1]		51,812		54,631		55,531		70,320		73,213		41	%		4	%
Total assets under management	$	353,428	$	366,818	$	371,707	$	370,290	$	362,509		3	%		(2	%)

[1] During the three months ended March 31, 2008, the Company acquired the rights to service $18.7 billion of mutual fund assets from Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29, and March 28, 2008, respectively.

L-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
CONSOLIDATED BALANCE SHEETS

																Year Over
																Year			Sequential
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month
	2007			2007			2007			2008			2008			Change			Change
Investments
Fixed maturities, available-for-sale, at fair value	$	52,824		$	53,288		$	52,542		$	50,615		$	49,683			(6	%)		(2	%)
Equity securities, trading, at fair value		31,843			34,901			36,182			37,406			36,853			16	%		(1	%)
Equity securities, available-for-sale, at fair value		1,387			1,307			1,284			1,202			1,194			(14	%)		(1	%)
Policy loans, at outstanding balance		2,052			2,050			2,061			2,118			2,146			5	%		1	%
Mortgage loans on real estate		4,236			4,551			4,739			4,821			5,135			21	%		7	%
Short term investments		958			629			1,158			1,807			2,756			188	%		53	%
Other investments		1,290			1,425			1,840			2,415			2,301			78	%		(5	%)
Total investments		94,590			98,151			99,806			100,384			100,068			6	%		—
Cash		1,434			1,769			1,770			2,016			1,842			28	%		(9	%)
Premiums receivable and agents’ balances		413			403			427			395			392			(5	%)		(1	%)
Reinsurance recoverables		1,165			1,235			1,419			1,599			1,535			32	%		(4	%)
Deferred policy acquisition costs and present value of future profits		9,516			10,275			10,514			11,586			11,706			23	%		1	%
Deferred income taxes		(510	)		(724	)		(754	)		(373	)		(135	)		74	%		64	%
Goodwill		805			805			805			867			867			8	%		—
Property and equipment, net		358			372			374			393			383			7	%		(3	%)
Other assets		2,031			2,024			1,869			1,830			1,797			(12	%)		(2	%)
Separate account assets		191,814			197,877			199,946			181,273			170,841			(11	%)		(6	%)
Total assets	$	301,616		$	312,187		$	316,176		$	299,970		$	289,296			(4	%)		(4	%)
Future policy benefits, unpaid losses and loss adjustment expenses	$	14,630		$	15,007		$	15,331		$	15,544		$	15,772			8	%		1	%
Other policyholder funds and benefits payable		42,981			44,054			44,190			46,460			46,563			8	%		—
Other policyholder funds payable — International variable annuities		31,815			34,871			36,152			37,376			36,822			16	%		(1	%)
Unearned premiums		132			141			147			167			161			22	%		(4	%)
Consumer Notes		588			723			809			971			1,113			89	%		15	%
Debt		114			114			115			91			91			(20	%)		—
Other liabilities		8,639			8,011			8,045			8,286			7,712			(11	%)		(7	%)
Separate account liabilities		191,814			197,877			199,946			181,273			170,841			(11	%)		(6	%)
Total liabilities		290,713			300,798			304,735			290,168			279,075			(4	%)		(4	%)
Equity excluding AOCI, net of tax		11,025			11,619			11,868			11,059			11,888			8	%		7	%
AOCI, net of tax		(122	)		(230	)		(427	)		(1,257	)		(1,667	)	NM				(33	%)
Total stockholders’ equity		10,903			11,389			11,441			9,802			10,221			(6	%)		4	%
Total liabilities and stockholders’ equity	$	301,616		$	312,187		$	316,176		$	299,970		$	289,296			(4	%)		(4	%)
Hartford Life and Accident Insurance Company NAIC RBC								416.1	%
Hartford Life Insurance Company NAIC RBC								513.2	%
Hartford Life and Annuity Insurance Company NAIC RBC								1309.9	%

L-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
DEFERRED POLICY ACQUISITION COSTS and PRESENT VALUE OF FUTURE PROFITS

				Other						Institutional
	Individual			Retail Products			Retirement			Solutions			Individual			Group
	Annuity			Group			Plans			Group			Life			Benefits			International			Total
YEAR-TO-DATE
Balance, December 31, 2007	$	5,179		$	136		$	658		$	143		$	2,406		$	69		$	1,923		$	10,514
Adjustments to unrealized gains and losses on securities available — for — sale and other		(92	)		(2	)		(41	)		—			(2	)		—			(22	)		(159	)
Balance excluding adjustments to unrealized gains and losses on securities available — for — sale and other		5,087			134			617			143			2,404			69			1,901			10,355
Capitalization		324			45			76			18			177			32			169			841
Amortization — Deferred Policy Acquisition Costs		(318	)		(44	)		(16	)		(11	)		(66	)		(27	)		(125	)		(607	)
Amortization — Present Value of Future Profits		(3	)		—			—			—			(9	)		—			—			(12	)
Amortization — Realized Capital Gains		353			—			17			—			6			—			13			389
Effect of Currency Translation Adjustment		—			—			—			—			—			—			91			91
Balance, June 30, 2008		5,443			135			694			150			2,512			74			2,049			11,057
Adjustments to unrealized gains and losses on securities available — for — sale and other		422			—			140			—			87			—			—			649
Balance, June 30, 2008 including adjustments to unrealized gains and losses on securities available-for-sale and other	$	5,865		$	135		$	834		$	150		$	2,599		$	74		$	2,049		$	11,706

L-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
SUPPLEMENTAL DATA — ANNUITY DEATH AND INCOME BENEFITS

	As of June 30, 2008
	ACCOUNT		NET AMT AT		% of NAR
BREAKDOWN OF INDIVIDUAL VARIABLE AND GROUP ANNUITY ACCOUNT VALUE BY BENEFIT TYPE	VALUE		RISK		REINSURED			RETAINED NAR
Maximum anniversary value (MAV) [1]
MAV only	$	38,870	$	6,128		76	%	$	1,486
with 5% rollup [2]		2,772		509		66	%		173
with Earnings Protection Benefit Rider (EPB) [3]		3,757		401		81	%		77
with 5% rollup & EPB		1,118		151		81	%		29
Total MAV		46,517		7,189		75	%		1,765
Asset Protection Benefit (APB) [4]		38,913		3,408		44	%		1,892
Lifetime Income Benefit (LIB) — Death Benefit [5]		11,084		109		—	%		109
Reset [6] (5-7 years)		5,132		250		—	%		249
Return of Premium [7]/Other		11,140		129		60	%		52
SUBTOTAL U.S. GUARANTEED MINIMUM DEATH BENEFITS	$	112,786	$	11,085		63	%	$	4,067
JAPAN GUARANTEED MINIMUM DEATH AND INCOME BENEFITS [8]		35,910		2,192		22	%		1,706
TOTAL	$	148,696	$	13,277		57	%	$	5,773

	As of		As of		As of		As of		As of
	June 30,		September 30,		December 31,		March 31,		June 30,
OTHER DATA	2007		2007		2007		2008		2008
U.S. VARIABLE ANNUITY BUSINESS
S&P 500 Index Value at end of period		1,503.35		1,526.75		1,468.36		1,322.70		1,280.00
Total Account Value	$	129,260	$	130,943	$	126,834	$	115,212	$	112,786
Retained net amount of risk		701		670		976		3,633		4,067
GMDB net GAAP liability [9]		175		191		202		203		208
JAPAN VARIABLE ANNUITY BUSINESS
Total Account Value	$	32,050	$	34,888	$	35,793	$	36,777	$	35,910
Retained net amount of risk		14		130		419		2,151		1,706
GMDB/GMIB net GAAP liability [9]		35		30		34		39		37

[1]	MAV: the death benefit is the greatest of current account value, net premiums paid and the highest account value on any anniversary before age 80 (adjusted for withdrawals).
[2]	Rollup: the death benefit is the greatest of the MAV, current account value, net premium paid and premiums (adjusted for withdrawals) accumulated at generally 5% simple interest up to the earlier age 80 or 100% of adjusted premiums.
[3]	EPB: the death benefit is the greatest of the MAV, current account value, or contract value plus a percentage of the contract’s growth. The contract’s growth is account value less premiums net of withdrawals, subject to a cap of 200% of premiums net of withdrawals.
[4]	APB: the death benefit is the greater of current account value or MAV, not to exceed current account value plus 25% times the greater of net premiums and MAV (each adjusted for premiums in the past 12 months).
[5]	LIB: the death benefit is the greatest of current account value, net premiums paid, or for certain contracts a benefit amount that rachets over time, generally based on market performance.
[6]	Reset: the death benefit is the greatest of current account value, net premiums paid and the most recent five to seven year anniversary account value before age 80 (adjusted for withdrawals).
[7]	Return of premium: the death benefit is the greater of current account value and net premiums paid.
[8]	Death benefits include a Return of Premium and MAV (before age 80) paid in a single lump sum. The income benefit is a guarantee to return initial investment, which is adjusted for earnings liquidity, paid through a fixed annuity after a minimum deferral period of 10, 15 or 20 years. The guaranteed remaining balance related to the Japan GMIB was $29.4 billion and $26.8 billion as of June 30, 2008 and December 31, 2007, respectively.
[9]	Includes the increase (decrease) to GMDB/GMIB liability as a result of the unlock recorded in the three months ended September 30, 2007 for U.S. and Japan variable annuity business of $6 and ($9), respectively.

L-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
REINSURANCE RECOVERABLE ANALYSIS
As of March 31, 2008

Statutory Reserve Credit and Amounts Recoverable

Gross statutory reinsurance reserve credit	$	1,952
Liability for reinsurance in unauthorized companies		(6	)
Net statutory reinsurance reserve credit	$	1,946
Statutory amounts recoverable from reinsurers	$	159

The top ten reinsurers represent $1,881 or 89% of the total statutory reserve credit and amounts recoverable.

• 3% of this amount is with reinsurers rated “A++” by A.M. Best at July 18, 2008.

• 58% of this amount is with reinsurers rated “A+” by A.M. Best at July 18, 2008.

• 36% of this amount is with reinsurers rated “A-” by A.M. Best at July 18, 2008.

• 3% of this amount is with reinsurers rated “B++” by A.M. Best at July 18, 2008.

L-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	March 31, 2008				December 31, 2007
Statutory Capital and Surplus		$	5,656		$	5,786
GAAP Adjustments
Investment in subsidiaries			786			388
Deferred policy acquisition costs			11,586			10,514
Deferred taxes			(863	)		(1,155	)
Benefit reserves			(5,364	)		(4,240	)
Unrealized losses on investments, net of impairments			(2,064	)		(483	)
Asset valuation reserve and interest maintenance reserve			501			626
Goodwill			740			662
Other, net			(1,176	)		(657	)
GAAP Stockholders’ Equity		$	9,802		$	11,441

L-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP — INDIVIDUAL ANNUITY
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	542		$	548		$	554		$	497		$	495			(9	%)		—		$	1,049		$	992			(5	%)
Mutual fund and other fees [2]		36			28			37			33			34			(6	%)		3	%		73			67			(8	%)
Total fee income		578			576			591			530			529			(8	%)		—			1,122			1,059			(6	%)
Direct premiums		21			24			22			24			24			14	%		—			35			48			37	%
Reinsurance premiums [2]		(35	)		(37	)		(36	)		(30	)		(31	)		11	%		(3	%)		(70	)		(61	)		13	%
Net premiums		(14	)		(13	)		(14	)		(6	)		(7	)		50	%		(17	%)		(35	)		(13	)		63	%
Total premiums and other considerations		564			563			577			524			522			(7	%)		—			1,087			1,046			(4	%)
Net investment income
Net investment income on G/A assets		229			237			226			209			210			(8	%)		—			456			419			(8	%)
Net investment income on assigned capital		12			12			12			19			20			67	%		5	%		23			39			70	%
Charge for invested capital		(38	)		(39	)		(35	)		(33	)		(32	)		16	%		3	%		(76	)		(65	)		14	%
Total net investment income		203			210			203			195			198			(2	%)		2	%		403			393			(2	%)
Net realized capital gains — core		1			1			3			3			1			—			(67	%)		2			4			100	%
Total core revenues		768			774			783			722			721			(6	%)		—			1,492			1,443			(3	%)
Net realized losses and other, before tax and DAC, excluded from core revenues		(147	)		(175	)		(81	)		(759	)		(71	)		52	%		91	%		(131	)		(830	)	NM
Total revenues		621			599			702			(37	)		650			5	%	NM				1,361			613			(55	%)
Benefits and Expenses
Benefits and losses
Death benefits [2]		10			16			11			13			13			30	%		—			22			26			18	%
Other contract benefits		15			18			17			18			18			20	%		—			30			36			20	%
Change in reserve		13			18			12			14			13			—			(7	%)		15			27			80	%
Sales inducements [2]		16			2			16			13			12			(25	%)		(8	%)		29			25			(14	%)
Interest credited on G/A assets		149			156			155			150			148			(1	%)		(1	%)		303			298			(2	%)
Total benefits and losses		203			210			211			208			204			—			(2	%)		399			412			3	%
Other insurance expenses
Commissions & wholesaling expenses		316			304			282			253			242			(23	%)		(4	%)		612			495			(19	%)
Operating expenses		60			55			61			52			62			3	%		19	%		111			114			3	%
Premium taxes and other expenses		5			1			4			3			2			(60	%)		(33	%)		9			5			(44	%)
Subtotal — expenses before deferral		381			360			347			308			306			(20	%)		(1	%)		732			614			(16	%)
Deferred policy acquisition costs		(225	)		(212	)		(190	)		(167	)		(157	)		30	%		6	%		(442	)		(324	)		27	%
Total other insurance expense		156			148			157			141			149			(4	%)		6	%		290			290			—
Amortization of deferred policy acquisition costs [2]		186			(110	)		178			164			157			(16	%)		(4	%)		370			321			(13	%)
Total benefits and expenses		545			248			546			513			510			(6	%)		(1	%)		1,059			1,023			(3	%)
Core earnings before income taxes		223			526			237			209			211			(5	%)		1	%		433			420			(3	%)
Income tax expense [1] [2]		39			161			45			35			22			(44	%)		(37	%)		72			57			(21	%)
Core earnings [2]		184			365			192			174			189			3	%		9	%		361			363			1	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings [2] [3]		(78	)		(88	)		(13	)		(264	)		(33	)		58	%		88	%		(70	)		(297	)	NM
Net income (loss) [2]	$	106		$	277		$	179		$	(90	)	$	156			47	%	NM			$	291		$	66			(77	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		57.4			110.3			58.5			56.3			64.7			13	%		15	%		56.5			59.3			5	%
Net income (loss)		33.0			83.7			54.5			(29.1	)		53.4			62	%	NM				45.5			10.8			(76	%)

[1]	The three months ended September 30, 2007 includes a $12 tax charge related to DRD and the three months ended June 30, 2008 includes a tax benefit of $16 related to DRD and FTC.
[2]	The DAC unlock recorded in the three months ended September 30, 2007 increased core earnings and net income by $198 and $181, respectively. The effect on each income statement line item is as follows:

	September 30, 2007
Mutual Fund and Other Fees	$	(8	)
Reinsurance Premiums		—
Death Benefits		6
Sales Inducements		(14	)
Amortization of deferred policy acquisition costs		(305	)
Income tax expense (benefit)		107
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(17	)

[3] Included in the three months ended June 30, September 30, December 31, 2007, March 31, and June 30, 2008 are guaranteed minimum withdrawal benefit (“GMWB”) net realized gains (losses), net of tax and DAC, excluded from core earnings of $(65), $(68), $(13), $(251) and $(7), respectively.

L-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP — OTHER
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	4		$	4		$	4		$	4		$	4			—			—		$	7		$	8			14	%
Mutual fund and other fees		199			208			223			213			224			13	%		5	%		382			437			14	%
Total fee income		203			212			227			217			228			12	%		5	%		389			445			14	%
Net Investment Loss
Net investment loss on G/A assets		—			(3	)		—			(1	)		(3	)		—		NM				—			(4	)		—
Net investment loss on assigned capital		(3	)		(2	)		(4	)		(3	)		(3	)		—			—			(6	)		(6	)		—
Total net investment loss		(3	)		(5	)		(4	)		(4	)		(6	)		(100	%)		(50	%)		(6	)		(10	)		(67	%)
Net realized capital gains — core		—			—			—			—			—			—			—			—			—			—
Total core revenues		200			207			223			213			222			11	%		4	%		383			435			14	%
Net realized gains, before tax and DAC, excluded from core revenues		—			—			—			—			—			—			—			—			—			—
Total revenues		200			207			223			213			222			11	%		4	%		383			435			14	%
Benefits and Expenses
Other insurance expenses
Commissions & wholesaling expenses		146			143			156			149			158			8	%		6	%		279			307			10	%
Operating expenses		33			34			41			40			40			21	%		—			62			80			29	%
Premium taxes and other expenses		3			2			3			4			3			—			(25	%)		7			7			—
Subtotal — expenses before deferral		182			179			200			193			201			10	%		4	%		348			394			13	%
Deferred policy acquisition costs		(27	)		(22	)		(25	)		(22	)		(23	)		15	%		(5	%)		(54	)		(45	)		17	%
Total other insurance expense		155			157			175			171			178			15	%		4	%		294			349			19	%
Amortization of deferred policy acquisition costs [1]		21			23			23			22			22			5	%		—			42			44			5	%
Total benefits and expenses		176			180			198			193			200			14	%		4	%		336			393			17	%
Core earnings before income taxes		24			27			25			20			22			(8	%)		10	%		47			42			(11	%)
Income tax expense [1]		8			10			8			7			8			—			14	%		16			15			(6	%)
Core earnings [1]		16			17			17			13			14			(13	%)		8	%		31			27			(13	%)
Net realized gains, net of tax and DAC, excluded from core earnings		—			—			—			—			—			—			—			—			—			—
Net income [1]	$	16		$	17		$	17		$	13		$	14			(13	%)		8	%	$	31		$	27			(13	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		14.0			13.8			13.4			10.6			11.5			(18	%)		8	%		14.0			10.7			(24	%)
Net income		14.0			13.8			13.4			10.6			11.5			(18	%)		8	%		14.0			10.7			(24	%)

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased amortization of deferred policy acquisition costs by $1, after-tax.

L-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP
SUPPLEMENTAL DATA — DEPOSITS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2007		2007		2007		2008		2008		Change			Change			2007		2008		Change
Individual Annuity
Broker-dealer	$	2,152	$	2,488	$	2,106	$	1,677	$	1,574		(27	%)		(6	%)	$	4,181	$	3,251		(22	%)
Banks		1,664		1,307		1,148		938		982		(41	%)		5	%		3,094		1,920		(38	%)
Total deposits by distribution		3,816		3,795		3,254		2,615		2,556		(33	%)		(2	%)		7,275		5,171		(29	%)
Variable		3,537		3,278		3,126		2,546		2,233		(37	%)		(12	%)		6,793		4,779		(30	%)
Fixed MVA/other		279		517		128		69		323		16	%	NM				482		392		(19	%)
Total deposits by product		3,816		3,795		3,254		2,615		2,556		(33	%)		(2	%)		7,275		5,171		(29	%)
Retail Mutual Funds		3,791		3,369		3,549		3,966		3,967		5	%		—			7,438		7,933		7	%
529 College Savings Plan/Specialty Products/Other		197		152		180		183		153		(22	%)		(16	%)		389		336		(14	%)
Total Retail Products Group	$	7,804	$	7,316	$	6,983	$	6,764	$	6,676		(14	%)		(1	%)	$	15,102	$	13,440		(11	%)

L-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

RETAIL PRODUCTS GROUP SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2007		2007		2007		2008		2008		Change			Change
INDIVIDUAL ANNUITY
General account	$	15,100	$	15,191	$	15,100	$	15,126	$	15,275		1	%		1	%
Non-guaranteed separate account		116,320		118,123		114,214		102,924		100,436		(14	%)		(2	%)
Total Individual Annuity	$	131,420	$	133,314	$	129,314	$	118,050	$	115,711		(12	%)		(2	%)
BY PRODUCT
Individual Annuity
Individual Variable Annuities
General account	$	5,354	$	5,075	$	4,995	$	5,126	$	5,039		(6	%)		(2	%)
Non-guaranteed separate account		116,175		117,976		114,076		102,794		100,306		(14	%)		(2	%)
Total individual variable annuities		121,529		123,051		119,071		107,920		105,345		(13	%)		(2	%)
Fixed MVA & other individual annuities		9,891		10,263		10,243		10,130		10,366		5	%		2	%
Total Individual Annuity		131,420		133,314		129,314		118,050		115,711		(12	%)		(2	%)
Specialty Products/Other — Segregated Assets		639		671		677		604		578		(10	%)		(4	%)
Mutual Fund Assets
Retail mutual fund assets		45,644		47,785		48,383		44,617		47,239		3	%		6	%
Specialty Product/Other mutual fund assets		789		892		937		1,022		1,126		43	%		10	%
529 College Savings Plan assets		1,094		1,147		1,176		1,121		1,150		5	%		3	%
Total Mutual Fund Assets		47,527		49,824		50,496		46,760		49,515		4	%		6	%
Total Retail Products Group Assets Under Management	$	179,586	$	183,809	$	180,487	$	165,414	$	165,804		(8	%)		—

L-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

RETAIL PRODUCTS GROUP SUPPLEMENTAL DATA — INDIVIDUAL ANNUITY — ACCOUNT VALUE ROLLFORWARD [1]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2007			2007			2007			2008			2008
VARIABLE ANNUITIES	Beginning balance	$	115,330		$	121,529		$	123,051		$	119,071		$	107,920
	Deposits		3,537			3,278			3,126			2,546			2,233
	Surrenders		(3,529	)		(3,471	)		(3,810	)		(3,338	)		(3,331	)
	Death benefits/annuity payouts		(434	)		(419	)		(418	)		(445	)		(460	)
	Transfers [2]		7			(21	)		4			(2	)		(20	)
	Net Flows		(419	)		(633	)		(1,098	)		(1,239	)		(1,578	)
	Change in market value/change in reserve/interest credited		6,618			2,155			(2,882	)		(9,911	)		(1,016	)
	Other [3]		—			—			—			(1	)		19
	Ending balance	$	121,529		$	123,051		$	119,071		$	107,920		$	105,345
FIXED MVA AND OTHER	Beginning balance	$	9,895		$	9,891		$	10,263		$	10,243		$	10,130
	Deposits		279			517			128			69			323
	Surrenders		(321	)		(227	)		(201	)		(219	)		(175	)
	Death benefits/annuity payouts		(111	)		(96	)		(106	)		(118	)		(102	)
	Transfers [2]		27			53			42			49			71
	Net Flows		(126	)		247			(137	)		(219	)		117
	Change in market value/change in reserve/interest credited		122			125			117			106			119
	Ending balance	$	9,891		$	10,263		$	10,243		$	10,130		$	10,366
TOTAL INDIVIDUAL ANNUITY	Beginning balance	$	125,225		$	131,420		$	133,314		$	129,314		$	118,050
	Deposits		3,816			3,795			3,254			2,615			2,556
	Surrenders		(3,850	)		(3,698	)		(4,011	)		(3,557	)		(3,506	)
	Death benefits/annuity payouts		(545	)		(515	)		(524	)		(563	)		(562	)
	Transfers [2]		34			32			46			47			51
	Net Flows		(545	)		(386	)		(1,235	)		(1,458	)		(1,461	)
	Change in market value/change in reserve/interest credited		6,740			2,280			(2,765	)		(9,805	)		(897	)
	Other [3]		—			—			—			(1	)		19
	Ending balance	$	131,420		$	133,314		$	129,314		$	118,050		$	115,711

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Includes internal product exchanges, policyholder balance transfers from the accumulation phase to the annuitization phase, and death benefits remaining on deposit.
[3]	Includes a bonus on certain products, front end loads on A share products and annual maintenance fees. The three months ended June 30, 2008 also includes the crediting of policyholder account. balances associated with the settlement of the New York Attorney General’s investigation related to market timing.

L-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETAIL PRODUCTS GROUP

SUPPLEMENTAL DATA — OTHER RETAIL — ASSET ROLLFORWARD

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2007			2007			2007			2008			2008
RETAIL MUTUAL FUNDS
	Beginning balance	$	40,921		$	45,644		$	47,785		$	48,383		$	44,617
	Deposits		3,791			3,369			3,549			3,966			3,967
	Redemptions		(2,042	)		(2,718	)		(2,289	)		(2,845	)		(2,066	)
	Net Sales		1,749			651			1,260			1,121			1,901
	Change in market value		3,004			1,517			(626	)		(4,854	)		761
	Other [1]		(30	)		(27	)		(36	)		(33	)		(40	)
	Ending balance	$	45,644		$	47,785		$	48,383		$	44,617		$	47,239

[1] Includes front end loads on A share products.

L-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable life fees	$	19		$	19		$	20		$	18		$	19			—			6	%	$	36		$	37			3	%
Cost of insurance charges		132			134			137			140			143			8	%		2	%		262			283			8	%
Other fees [1]		66			53			75			63			75			14	%		19	%		134			138			3	%
Total fee income		217			206			232			221			237			9	%		7	%		432			458			6	%
Direct premiums		28			28			30			28			30			7	%		7	%		53			58			9	%
Reinsurance premiums		(41	)		(42	)		(50	)		(46	)		(49	)		(20	%)		(7	%)		(81	)		(95	)		(17	%)
Net premiums		(13	)		(14	)		(20	)		(18	)		(19	)		(46	%)		(6	%)		(28	)		(37	)		(32	%)
Total premiums and other considerations		204			192			212			203			218			7	%		7	%		404			421			4	%
Net investment income
Net investment income on G/A assets		91			92			94			92			95			4	%		3	%		180			187			4	%
Net investment income on assigned capital		3			3			3			4			4			33	%		—			6			8			33	%
Charge for invested capital		(5	)		(4	)		(5	)		(8	)		(7	)		(40	%)		13	%		(10	)		(15	)		(50	%)
Total net investment income		89			91			92			88			92			3	%		5	%		176			180			2	%
Net realized capital losses — core		(1	)		—			—			—			—			100	%		—			(1	)		—			100	%
Total core revenues		292			283			304			291			310			6	%		7	%		579			601			4	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(2	)		(16	)		(18	)		(35	)		(25	)	NM				29	%		7			(60	)	NM
Total revenues		290			267			286			256			285			(2	%)		11	%		586			541			(8	%)
Benefits and Expenses
Benefits and losses
Death benefits		74			78			76			91			88			19	%		(3	%)		144			179			24	%
Other contract benefits		6			6			6			5			5			(17	%)		—			12			10			(17	%)
Change in reserve		(5	)		(4	)		1			(4	)		(3	)		40	%		25	%		(8	)		(7	)		13	%
Interest credited on G/A assets		61			63			64			62			63			3	%		2	%		124			125			1	%
Total benefits and losses		136			143			147			154			153			13	%		(1	%)		272			307			13	%
Other insurance expenses
Commissions & wholesaling expenses		59			58			69			59			57			(3	%)		(3	%)		118			116			(2	%)
Operating expenses		64			65			71			64			70			9	%		9	%		127			134			6	%
Dividends to policyholders		—			1			1			1			1			—			—			1			2			100	%
Premium taxes and other expenses		13			8			16			11			12			(8	%)		9	%		25			23			(8	%)
Subtotal — expenses before deferral		136			132			157			135			140			3	%		4	%		271			275			1	%
Deferred policy acquisition costs		(87	)		(88	)		(105	)		(88	)		(89	)		(2	%)		(1	%)		(174	)		(177	)		(2	%)
Total other insurance expense		49			44			52			47			51			4	%		9	%		97			98			1	%
Amortization of deferred policy acquisition costs and present value of future profits [1]		42			1			48			32			44			5	%		38	%		78			76			(3	%)
Total benefits and expenses		227			188			247			233			248			9	%		6	%		447			481			8	%
Core earnings before income taxes		65			95			57			58			62			(5	%)		7	%		132			120			(9	%)
Income tax expense [1]		19			31			17			17			19			—			12	%		40			36			(10	%)
Core earnings [1] [2]		46			64			40			41			43			(7	%)		5	%		92			84			(9	%)
Net realized gains (losses), net of tax and DAC, excluded from core earnings		(2	)		(9	)		(9	)		(21	)		(13	)	NM				38	%		4			(34	)	NM
Net income [1] [2]	$	44		$	55		$	31		$	20		$	30			(32	%)		50	%	$	96		$	50			(48	%)
Earnings Margin (After-tax)
Core earnings		15.8	%		22.6	%		13.2	%		14.1	%		13.9	%		(1.9	)		(0.2	)		15.9	%		14.0	%		(1.9	)
Net income		15.2	%		20.6	%		10.8	%		7.8	%		10.5	%		(4.7	)		2.7			16.4	%		9.2	%		(7.2	)

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased both core earnings and net income by $16. The effect on each income statement line item is as follows:

	September 30, 2007
Other Fees	$	(13	)
Amortization of deferred policy acquisition costs		(37	)
Income tax expense (benefit)		8

[2] The three months ended December 31, 2007 includes an additional SOP 03-1 reserve of $5, after the effects of DAC amortization and taxes, related to the implementation of the Company’s AG38 capital solution.

L-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
SUPPLEMENTAL DATA

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2007		2007		2007		2008		2008		Change			Change			2007		2008		Change
SALES BY DISTRIBUTION
Wirehouse	$	27	$	26	$	30	$	24	$	25		(7	%)		4	%	$	47	$	49		4	%
Banks		10		11		13		9		9		(10	%)		—			20		18		(10	%)
Independent		27		29		41		29		32		19	%		10	%		54		61		13	%
Other		4		3		5		3		4		—			33	%		7		7		—
Total sales by distribution	$	68	$	69	$	89	$	65	$	70		3	%		8	%	$	128	$	135		5	%
SALES BY PRODUCT
Variable Life		33		33		38		28		23		(30	%)		(18	%)	$	59	$	51		(14	%)
Universal life/whole life		29		31		46		32		40		38	%		25	%		59		72		22	%
Term life/other		6		5		5		5		7		17	%		40	%		10		12		20	%
Total sales by product	$	68	$	69	$	89	$	65	$	70		3	%		8	%	$	128	$	135		5	%
ACCOUNT VALUE
General account	$	5,413	$	5,486	$	5,591	$	5,688	$	5,768		7	%		1	%
Separate account		6,692		6,884		6,758		6,091		6,090		(9	%)		—
Total account value	$	12,105	$	12,370	$	12,349	$	11,779	$	11,858		(2	%)		1	%
ACCOUNT VALUE BY PRODUCT
Variable life	$	7,206	$	7,402	$	7,284	$	6,620	$	6,625		(8	%)		—
Universal life/interest sensitive whole life		4,208		4,285		4,388		4,485		4,569		9	%		2	%
Modified guaranteed life		573		564		555		551		542		(5	%)		(2	%)
Other		118		119		122		123		122		3	%		(1	%)
Total account value by product	$	12,105	$	12,370	$	12,349	$	11,779	$	11,858		(2	%)		1	%
LIFE INSURANCE IN-FORCE
Variable life	$	75,496	$	76,498	$	77,566	$	78,145	$	78,557		4	%		1	%
Universal life/interest sensitive whole life		46,750		47,581		48,636		49,415		50,298		8	%		2	%
Term life		48,536		50,641		52,298		54,369		57,371		18	%		6	%
Modified guaranteed life		702		687		671		662		648		(8	%)		(2	%)
Other		319		316		312		307		299		(6	%)		(3	%)
Total life insurance in-force	$	171,803	$	175,723	$	179,483	$	182,898	$	187,173		9	%		2	%

L-16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INDIVIDUAL LIFE
ACCOUNT VALUE ROLLFORWARD

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2007			2007			2007			2008			2008
VARIABLE LIFE	Beginning balance	$	6,754		$	7,206		$	7,402		$	7,284		$	6,620
	First year & single premiums		87			92			93			74			74
	Renewal premiums		140			134			155			142			140
	Premiums and deposits		227			226			248			216			214
	Surrenders		(89	)		(77	)		(91	)		(90	)		(99	)
	Death benefits		(14	)		(18	)		(13	)		(16	)		(20	)
	Net Flows		124			131			144			110			95
	Policy fees		(125	)		(127	)		(130	)		(131	)		(123	)
	Change in market value/interest credited		453			192			(132	)		(643	)		33
	Ending balance	$	7,206		$	7,402		$	7,284		$	6,620			6,625
OTHER [1]	Beginning balance	$	4,824		$	4,899		$	4,968		$	5,065			5,159
	First year & single premiums		105			97			111			117			108
	Renewal premiums		109			115			126			121			120
	Premiums and deposits		214			212			237			238			228
	Surrenders		(52	)		(54	)		(43	)		(46	)		(54	)
	Death benefits		(21	)		(20	)		(25	)		(21	)		(24	)
	Net Flows		141			138			169			171			150
	Policy fees		(122	)		(125	)		(129	)		(132	)		(133	)
	Change in market value/interest credited		56			56			57			55			57
	Ending balance	$	4,899		$	4,968		$	5,065		$	5,159			5,233
TOTAL INDIVIDUAL LIFE	Beginning balance	$	11,578		$	12,105		$	12,370		$	12,349			11,779
	First year & single premiums		192			189			204			191			182
	Renewal premiums		249			249			281			263			260
	Premiums and deposits		441			438			485			454			442
	Surrenders		(141	)		(131	)		(134	)		(136	)		(153	)
	Death benefits		(35	)		(38	)		(38	)		(37	)		(44	)
	Net Flows		265			269			313			281			245
	Policy fees		(247	)		(252	)		(259	)		(263	)		(256	)
	Change in market value/interest credited		509			248			(75	)		(588	)		90
	Ending balance	$	12,105		$	12,370		$	12,349		$	11,779			11,858

[1] Includes Universal Life, Interest Sensitive Whole Life, Modified Guaranteed Life Insurance and other.

L-17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

RETIREMENT PLANS [1]
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity and life fees	$	56		$	58		$	59		$	56		$	57			2	%		2	%	$	106		$	113			7	%
Mutual fund and other fees		3			4			4			12			40		NM			NM				7			52		NM
Total fee income		59			62			63			68			97			64	%		43	%		113			165			46	%
Direct premiums		1			—			1			1			1			—			—			3			2			(33	%)
Total premiums and other considerations		60			62			64			69			98			63	%		42	%		116			167			44	%
Net investment income
Net investment income on G/A assets		88			85			85			85			88			—			4	%		173			173			—
Net investment income on assigned capital		3			4			3			4			4			33	%		—			6			8			33	%
Charge for invested capital		(1	)		—			—			—			(1	)		—			—			(1	)		(1	)		—
Total net investment income		90			89			88			89			91			1	%		2	%		178			180			1	%
Net realized losses — core		—			—			—			(1	)		(1	)		—			—			—			(2	)		—
Total core revenues		150			151			152			157			188			25	%		20	%		294			345			17	%
Net realized gains (losses), before tax and DAC, excluded from core revenues		5			(21	)		(22	)		(35	)		(18	)	NM				49	%		2			(53	)	NM
Total revenues		155			130			130			122			170			10	%		39	%		296			292			(1	%)
Benefits and Expenses
Benefits and losses
Death benefits		(1	)		—			—			—			—			100	%		—			(1	)		—			100	%
Other contract benefits		12			12			12			11			12			—			9	%		24			23			(4	%)
Change in reserve		(5	)		(6	)		(6	)		(5	)		(5	)		—			—			(11	)		(10	)		9	%
Sales inducements		—			—			1			—			—			—			—			—			—			—
Interest credited on G/A assets		56			56			56			59			59			5	%		—			112			118			5	%
Total benefits and losses		62			62			63			65			66			6	%		2	%		124			131			6	%
Other insurance expenses
Commissions & wholesaling expenses		24			24			24			30			36			50	%		20	%		47			66			40	%
Operating expenses		54			50			61			68			88			63	%		29	%		103			156			51	%
Premium taxes and other expenses		—			—			(1	)		1			6			—		NM				1			7		NM
Subtotal — expenses before deferral		78			74			84			99			130			67	%		31	%		151			229			52	%
Deferred policy acquisition costs		(33	)		(34	)		(39	)		(38	)		(38	)		(15	%)		—			(66	)		(76	)		(15	%)
Total other insurance expense		45			40			45			61			92			104	%		51	%		85			153			80	%
Amortization of deferred policy acquisition costs [2]		7			25			12			9			7			—			(22	%)		18			16			(11	%)
Total benefits and expenses		114			127			120			135			165			45	%		22	%		227			300			32	%
Core earnings before income taxes		36			24			32			22			23			(36	%)		5	%		67			45			(33	%)
Income tax expense (benefit) [2]		10			6			10			5			(10	)	NM			NM				18			(5	)	NM
Core earnings [2]		26			18			22			17			33			27	%		94	%		49			50			2	%
Net realized gains (losses), net of tax and DAC, excluded from core earnings		2			(14	)		(15	)		(22	)		(2	)	NM				91	%		1			(24	)	NM
Net income (loss) [2]	$	28		$	4		$	7		$	(5	)	$	31			11	%	NM			$	50		$	26			(48	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		38.9			25.6			30.8			18.1			28.3			(27	%)		56	%		37.5			26.5			(29	%)
Net income		41.9			5.7			9.8			(5.3	)		26.6			(37	%)	NM				38.2			13.8			(64	%)

[1]	Reflects the acquisition of Sun Life Retirement Srevices, Inc. and Princeton Retirement Group on February 29 and March 28, 2008, respectively.
[2]	The DAC unlock recorded in the three months ended September 30, 2007 decreased both core earnings and net income by $9. The effect on each income statement line item is as follows:

	September 30, 2007
Amortization of deferred policy acquisition costs	$	14
Income tax expense		(5	)

[3] The three months ended June 30, 2008 includes a tax benefit related to DRD of $15.

L-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — DEPOSITS

											Year Over
	THREE MONTHS ENDED										Sequential			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2007		2007		2007		2008		2008		Change			Change			2007		2008		Change
401(k)
Annuity — plan/participant rollovers	$	421	$	467	$	460	$	739	$	506		20	%		(32	%)	$	1,207	$	1,245		3	%
Annuity — ongoing contributions		553		504		511		643		569		3	%		(12	%)		1,050		1,212		15	%
Total 401(k) Annuity		974		971		971		1,382		1,075		10	%		(22	%)		2,257		2,457		9	%
Mutual funds [1]		96		94		108		441		836	NM				90	%		216		1,277	NM
Total 401(k)		1,070		1,065		1,079		1,823		1,911		79	%		5	%		2,473		3,734		51	%
403(b)/457
Annuity — plan/participant rollovers		72		79		102		143		57		(21	%)		(60	%)		161		200		24	%
Annuity — ongoing contributions		222		247		235		257		339		53	%		32	%		458		596		30	%
Total 403(b)/457 Annuity		294		326		337		400		396		35	%		(1	%)		619		796		29	%
Mutual funds		6		6		7		26		43	NM				65	%		6		69	NM
Total 403(b)/457		300		332		344		426		439		46	%		3	%		625		865		38	%
Total Retirement
401(k) Annuity		974		971		971		1,382		1,075		10	%		(22	%)		2,257		2,457		9	%
403(b)/457 Annuity		294		326		337		400		396		35	%		(1	%)		619		796		29	%
Total Retirememt Plans Annuity deposits		1,268		1,297		1,308		1,782		1,471		16	%		(17	%)		2,876		3,253		13	%
Mutual funds [1]		102		100		115		467		879	NM				88	%		222		1,346	NM
Total Retirement Plans Deposits		1,370		1,397		1,423		2,249		2,350		72	%		4	%		3,098		4,599		48	%

[1] Reflects the acquisition of Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29 and March 28, 2008, respectively.

L-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE

RETIREMENT PLANS
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT AND ADMINISTRATION

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2007		2007		2007		2008		2008		Change			Change
401(k)
General account	$	1,303	$	1,314	$	1,298	$	1,354	$	1,365		5	%		1	%
Non-guaranteed separate account		12,755		13,371		13,433		13,059		13,467		6	%		3	%
Total 401(k) — Annuity account value	$	14,058	$	14,685	$	14,731	$	14,413	$	14,832		6	%		3	%
Mutual fund assets [1]		1,320		1,389		1,428		20,005		19,748	NM				(1	%)
Total 401(k) Assets Under Management	$	15,378	$	16,074	$	16,159	$	34,418	$	34,580		125	%		—
403(b)/457
General account	$	4,564	$	4,610	$	4,627	$	4,850	$	5,022		10	%		4	%
Non-guaranteed separate account		7,633		7,876		7,736		7,076		7,175		(6	%)		1	%
Total 403(b)/457 — Annuity account value	$	12,197	$	12,486	$	12,363	$	11,926	$	12,197		—			2	%
Mutual fund assets		9		20		26		66		106	NM				61	%
Total 403(b)/457 Assets Under Management	$	12,206	$	12,506	$	12,389	$	11,992	$	12,303		1	%		3	%
TOTAL RETIREMENT
General account	$	5,867	$	5,924	$	5,925	$	6,204	$	6,387		9	%		3	%
Non-guaranteed separate account		20,388		21,247		21,169		20,135		20,642		1	%		3	%
Total Retirement Plans account value	$	26,255	$	27,171	$	27,094	$	26,339	$	27,029		3	%		3	%
Mutual fund assets [1]		1,329		1,409		1,454		20,071		19,854	NM				(1	%)
Total Retirement Plans Assets Under Management	$	27,584	$	28,580	$	28,548	$	46,410	$	46,883		70	%		1	%
RECORDKEEPING ONLY BUSINESS
Assets Under Administration [2]	$	—	$	—	$	—	$	5,666	$	6,282		—			11	%
Number of Participants [3]		—		—		—		142,537		155,618		—			9	%

[1]	Prior to March 31, 2008, 401(k) mutual fund assets were predominantly comprised of The Hartford’s 401(k) plan. During the three months ended March 31, 2008, the Company acquired the rights to service $18.7 billion of mutual fund assets from Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29, and March 28, 2008, respectively.
[2]	Assets under administration are not included when calculating return on assets measures for the Retirement Plans segment and are not included in Retirement Plans Assets Under Management.
[3]	Earnings for assets under administration are predominantly driven by participant count. The participant count represents the actual number of participants.

L-20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
RETIREMENT PLANS
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1] [2]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2007			2007			2007			2008			2008
401(k) GROUP ANNUITY
ACCOUNT VALUE [1]	Beginning balance	$	12,979		$	14,058		$	14,685		$	14,731		$	14,413
	Deposits		974			971			971			1,382			1,075
	Surrenders		(550	)		(599	)		(673	)		(617	)		(591	)
	Death benefits/annuity payouts		(7	)		(10	)		(8	)		(9	)		(11	)
	Net Flows		417			362			290			756			473
	Change in market value/change in reserve/interest credited		662			265			(244	)		(1,074	)		(54	)
	Ending balance	$	14,058		$	14,685		$	14,731		$	14,413		$	14,832
403(b)/457 GROUP ANNUITY
ACCOUNT VALUE [1]	Beginning balance	$	11,753		$	12,197		$	12,486		$	12,363		$	11,926
	Deposits		294			326			337			400			396
	Surrenders		(399	)		(306	)		(393	)		(244	)		(245	)
	Death benefits/annuity payouts		(12	)		(12	)		(12	)		(12	)		(13	)
	Net Flows		(117	)		8			(68	)		144			138
	Change in market value/change in reserve/interest credited		561			281			(55	)		(581	)		133
	Ending balance	$	12,197		$	12,486		$	12,363		$	11,926		$	12,197
MUTUAL FUND ASSETS [2] [3]
	Beginning balance	$	1,209		$	1,329		$	1,409		$	1,454		$	20,071
	Deposits		102			100			115			467			879
	Surrenders		(79	)		(82	)		(83	)		(345	)		(1,109	)
	Net Flows		23			18			32			122			(230	)
	Acquisitions [4]		—			—			—			18,725			—
	Change in market value/change in reserve/interest credited		97			62			13			(230	)		13
	Ending balance	$	1,329		$	1,409		$	1,454		$	20,071		$	19,854
TOTAL RETIREMENT
	Beginning balance	$	25,941		$	27,584		$	28,580		$	28,548		$	46,410
	Deposits		1,370			1,397			1,423			2,249			2,350
	Surrenders		(1,028	)		(987	)		(1,149	)		(1,206	)		(1,945	)
	Death benefits/annuity payouts		(19	)		(22	)		(20	)		(21	)		(24	)
	Net Flows		323			388			254			1,022			381
	Acquisitions [4]		—			—			—			18,725			—
	Change in market value/change in reserve/interest credited		1,320			608			(286	)		(1,885	)		92
	Ending balance	$	27,584		$	28,580		$	28,548		$	46,410		$	46,883

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Excludes Assets Under Administration.
[3]	Mutual Fund assets are an internal measure of assets under management used by the Company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.
[4]	Reflects the acquisition of Sun Life Retirement Services, Inc. and Princeton Retirement Group on February 29 and March 28, 2008, respectively.

L-21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
Revenues	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Premiums and other considerations
ASO fees	$	9		$	8		$	9		$	9		$	9			—			—		$	17		$	18			6	%
Other fees		(1	)		—			1			(1	)		1		NM			NM				—			—			—
Total fee income		8			8			10			8			10			25	%		25	%		17			18			6	%
Direct premiums		1,030			996			1,015			1,031			1,060			3	%		3	%		2,057			2,091			2	%
Reinsurance premiums		53			57			39			35			30			(43	%)		(14	%)		102			65			(36	%)
Net premiums		1,083			1,053			1,054			1,066			1,090			1	%		2	%		2,159			2,156			—
Total premiums and other considerations		1,091			1,061			1,064			1,074			1,100			1	%		2	%		2,176			2,174			—
Net investment income
Net investment income on G/A assets		98			96			96			88			95			(3	%)		8	%		197			183			(7	%)
Net investment income on assigned capital		19			19			19			18			18			(5	%)		—			38			36			(5	%)
Total net investment income		117			115			115			106			113			(3	%)		7	%		235			219			(7	%)
Net realized capital gains — core		—			3			4			—			—			—			—			—			—			—
Total core revenues		1,208			1,179			1,183			1,180			1,213			—			3	%		2,411			2,393			(1	%)
Net realized losses, before tax and DAC, excluded from core revenues		(6	)		(13	)		(20	)		(36	)		(37	)	NM				(3	%)		(4	)		(73	)	NM
Total revenues		1,202			1,166			1,163			1,144			1,176			(2	%)		3	%		2,407			2,320			(4	%)
Benefits and Expenses
Benefits and losses
Death benefits		267			265			261			290			316			18	%		9	%		533			606			14	%
Other contract benefits [1]		479			475			497			475			469			(2	%)		(1	%)		958			944			(1	%)
Change in reserve [1]		47			25			(13	)		23			26			(45	%)		13	%		108			49			(55	%)
Total benefits and losses		793			765			745			788			811			2	%		3	%		1,599			1,599			—
Other insurance expenses
Commissions & wholesaling expenses		147			135			144			148			128			(13	%)		(14	%)		303			276			(9	%)
Operating expenses		129			137			150			135			145			12	%		7	%		262			280			7	%
Premium taxes and other expenses		9			22			22			19			12			33	%		(37	%)		29			31			7	%
Subtotal — expenses before deferral		285			294			316			302			285			—			(6	%)		594			587			(1	%)
Deferred policy acquisition costs		(11	)		(21	)		(21	)		(17	)		(15	)		(36	%)		12	%		(31	)		(32	)		(3	%)
Total other insurance expense		274			273			295			285			270			(1	%)		(5	%)		563			555			(1	%)
Amortization of deferred policy acquisition costs		18			13			14			13			14			(22	%)		8	%		35			27			(23	%)
Total benefits and expenses		1,085			1,051			1,054			1,086			1,095			1	%		1	%		2,197			2,181			(1	%)
Core earnings before income taxes		123			128			129			94			118			(4	%)		26	%		214			212			(1	%)
Income tax expense		37			36			37			24			33			(11	%)		38	%		60			57			(5	%)
Core earnings		86			92			92			70			85			(1	%)		21	%		154			155			1	%
Net realized losses, net of tax and DAC, excluded from core earnings		(3	)		(9	)		(12	)		(24	)		(23	)	NM				4	%		(2	)		(47	)	NM
Net income	$	83		$	83		$	80		$	46		$	62			(25	%)		35	%	$	152		$	108			(29	%)
After-Tax Profit as % of Revenues
Core earnings		7.2	%		7.8	%		7.8	%		5.9	%		7.0	%		(0.2	)		1.1			6.5	%		6.5	%		—
Net income		7.0	%		7.1	%		6.9	%		4.0	%		5.3	%		(1.7	)		1.3			6.4	%		4.7	%		(1.7	)

[1] During the three months ended December 31, 2007, a reserve commutation of approximately $30 reduced change in reserve and correspondingly increased other contract benefits upon settlement.

L-22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
GROUP BENEFITS
SUPPLEMENTAL DATA

																	Year Over
		THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
		2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
PREMIUMS	Fully Insured — Ongoing Premiums
	Group disability	$	463		$	459		$	466		$	480		$	497			7	%		4	%	$	933		$	977			5	%
	Group life		483			482			488			508			526			9	%		4	%		956			1,034			8	%
	Other		122			112			99			78			67			(45	%)		(14	%)		244			145			(41	%)
	Total fully insured — ongoing premiums		1,068			1,053			1,053			1,066			1,090			2	%		2	%		2,133			2,156			1	%
	Total buyouts [1]		15			—			1			—			—			(100	%)		—			26			—			(100	%)
	Total premiums		1,083			1,053			1,054			1,066			1,090			1	%		2	%		2,159			2,156			—
	Group disability — premium equivalents [2]		84			85			78			85			85			1	%		—			169			170			1	%
	Total premiums and premium equivalent	$	1,167		$	1,138		$	1,132		$	1,151		$	1,175			1	%		2	%	$	2,328		$	2,326			—
SALES (GROSS	Fully Insured — Ongoing Sales
ANNUALIZED	Group disability	$	40		$	54		$	54		$	190		$	54			35	%		(72	%)	$	217		$	244			12	%
NEW PREMIUMS)	Group life		66			67			75			186			76			15	%		(59	%)		222			262			18	%
	Other		13			4			11			5			5			(62	%)		—			66			10			(85	%)
	Total fully insured — ongoing sales		119			125			140			381			135			13	%		(65	%)		505			516			2	%
	Total buyouts [1]		24			—			—			—			—			(100	%)		—			26			—			(100	%)
	Total sales		143			125			140			381			135			(6	%)		(65	%)		531			516			(3	%)
	Group disability premium equivalents [2]		13			22			17			95			6			(54	%)		(94	%)		67			101			51	%
	Total sales and premium equivalents	$	156		$	147		$	157		$	476		$	141			(10	%)		(70	%)	$	598		$	617			3	%
RATIOS [3]	Loss Ratio		72.3	%		72.1	%		70.0	%		73.4	%		73.7	%		1.4			0.3			73.2	%		73.6	%		0.4
	Expense Ratio		27.1	%		27.0	%		29.1	%		27.7	%		25.8	%		(1.3	)		(1.9	)		27.8	%		26.8	%		(1.0	)
GAAP RESERVES [4]	Group disability	$	4,652		$	4,667		$	4,616		$	4,657		$	4,699			1	%		1	%
	Group life		1,269			1,281			1,315			1,320			1,331			5	%		1	%
	Other		168			168			176			146			112			(33	%)		(23	%)
	Total GAAP reserves	$	6,089		$	6,116		$	6,107		$	6,123		$	6,142			1	%		—

[1]	Takeover of open claim liabilities and other non-recurring premium amounts.
[2]	Administrative services only (ASO) fees and claims under claim management agreements.
[3]	Ratios calculated excluding the effects of buyout premiums.
[4]	Reserve balances for the three months ended June 30, September 30, December 31, 2007, March 31, 2008 and June 30, 2008 are net of reinsurance recoverables of $219, $221, $261, $252 and $241, respectively.

L-23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL
HIGHLIGHTS

															Year Over
	THREE MONTHS ENDED														Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,		3 Months			3 Months			JUNE 30,
	2007			2007			2007			2008			2008		Change			Change			2007			2008			Change
CORE EARNINGS
Japan operations	$	63		$	88		$	68		$	70		$	64		2	%		(9	%)	$	125		$	134			7	%
Other international operations		(4	)		(9	)		(7	)		(3	)		—		100	%		100	%		(11	)		(3	)		73	%
Core earnings	$	59		$	79		$	61		$	67		$	64		8	%		(4	%)	$	114		$	131			15	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(18	)		11			(23	)		(59	)		8	NM			NM				(19	)		(51	)		(168	%)
Net income	$	41		$	90		$	38		$	8		$	72		76	%	NM			$	95		$	80			(16	%)
JAPAN DEPOSITS — Dollars
Individual Annuity
Variable	$	1,754		$	1,803		$	1,086		$	944		$	863		(51	%)		(9	%)	$	3,432		$	1,807			(47	%)
Fixed MVA		12			24			20			172			149	NM				(13	%)		40			321		NM
Total deposits by product	$	1,766		$	1,827		$	1,106		$	1,116		$	1,012		(43	%)		(9	%)	$	3,472		$	2,128			(39	%)
JAPAN DEPOSITS — Yen
Individual Annuity
Variable	¥	211,961		¥	212,415		¥	122,808		¥	99,140		¥	90,334		(57	%)		(9	%)	¥	411,484		¥	189,474			(54	%)
Fixed MVA		1,393			2,792			2,293			17,558			15,609	NM				(11	%)		4,784			33,167		NM
Total deposits by product	¥	213,354		¥	215,207		¥	125,101		¥	116,698		¥	105,943		(50	%)		(9	%)	¥	416,268		¥	222,641			(47	%)
JAPAN NET FLOWS — Dollars
Individual Annuity
Variable	$	1,282		$	1,386		$	646		$	520		$	469		(63	%)		(10	%)	$	2,466		$	989			(60	%)
Fixed MVA		(3	)		12			5			143			128	NM				(10	%)		10			271		NM
Total net flows by product	$	1,279		$	1,398		$	651		$	663		$	597		(53	%)		(10	%)	$	2,476		$	1,260			(49	%)
JAPAN NET FLOWS — Yen
Individual Annuity
Variable	¥	154,811		¥	163,067		¥	73,035		¥	54,447		¥	49,111		(68	%)		(10	%)	¥	295,368		¥	103,558			(65	%)
Fixed MVA		(443	)		1,354			636			14,580			13,396	NM				(8	%)		1,178			27,976		NM
Total net flows by product	¥	154,368		¥	164,421		¥	73,671		¥	69,027		¥	62,507		(60	%)		(9	%)	¥	296,546		¥	131,534			(56	%)
JAPAN AUM — Dollars
Individual Annuity
Variable	$	32,050		$	34,888		$	35,793		$	36,777		$	35,910		12	%		(2	%)
Fixed MVA		1,658			1,785			1,844			2,198			2,212		33	%		1	%
Total AUM by product	$	33,708		$	36,673		$	37,637		$	38,975		$	38,122		13	%		(2	%)
JAPAN AUM — Yen
Individual Annuity
Variable	¥	3,958,157		¥	4,012,693		¥	3,998,563		¥	3,660,549		¥	3,806,639		(4	%)		4	%
Fixed MVA		204,729			205,275			206,028			218,854			234,442		15	%		7	%
Total AUM by product	¥	4,162,886		¥	4,217,968		¥	4,204,591		¥	3,879,403		¥	4,041,081		(3	%)		4	%

L-24

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
Revenues	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Premiums and other considerations
Variable annuity fees	$	185		$	197		$	209		$	209		$	214			16	%		2	%	$	359		$	423			18	%
Other fees		14			13			15			18			16			14	%		(11	%)		32			34			6	%
Total fee income		199			210			224			227			230			16	%		1	%		391			457			17	%
Reinsurance premiums		(2	)		(3	)		(3	)		(2	)		(3	)		(50	%)		(50	%)		(5	)		(5	)		—
Total premiums and other considerations		197			207			221			225			227			15	%		1	%		386			452			17	%
Net investment income
Net investment income on G/A assets		29			31			29			25			24			(17	%)		(4	%)		57			49			(14	%)
Net investment income on assigned capital		1			—			1			1			1			—			—			2			2			—
Total net investment income		30			31			30			26			25			(17	%)		(4	%)		59			51			(14	%)
Net realized capital losses — core		(19	)		(16	)		(16	)		(7	)		(11	)		42	%		(57	%)		(36	)		(18	)		50	%
Total core revenues		208			222			235			244			241			16	%		(1	%)		409			485			19	%
Net realized gains (losses) and other, before tax and DAC, excluded from core revenues		(24	)		17			(33	)		(108	)		3		NM			NM				(27	)		(105	)	NM
Total revenues		184			239			202			136			244			33	%		79	%		382			380			(1	%)
Benefits and Expenses
Benefits and losses
Death and other benefits [1]		2			(6	)		6			8			6		NM				(25	%)		4			14		NM
Sales inducements		—			1			—			—			—			—			—			—			—			—
Interest credited on G/A assets		6			6			7			8			8			33	%		—			12			16			33	%
Total benefits and losses		8			1			13			16			14			75	%		(13	%)		16			30			88	%
Other insurance expenses
Commissions & wholesaling expenses		112			120			78			73			70			(38	%)		(4	%)		225			143			(36	%)
Operating expenses		38			46			50			40			46			21	%		15	%		71			86			21	%
Premium taxes and other expenses		9			6			7			9			5			(44	%)		(44	%)		18			14			(22	%)
Subtotal — expenses before deferral		159			172			135			122			121			(24	%)		(1	%)		314			243			(23	%)
Deferred policy acquisition costs		(115	)		(121	)		(80	)		(69	)		(63	)		45	%		9	%		(228	)		(132	)		42	%
Total other insurance expense		44			51			55			53			58			32	%		9	%		86			111			29	%
Amortization of deferred policy acquisition costs [1]		59			34			62			68			70			19	%		3	%		115			138			20	%
Total benefits and expenses		111			86			130			137			142			28	%		4	%		217			279			29	%
Core earnings before income taxes		97			136			105			107			99			2	%		(7	%)		192			206			7	%
Income tax expense [1]		34			48			37			37			35			3	%		(5	%)		67			72			7	%
Core earnings [1]		63			88			68			70			64			2	%		(9	%)		125			134			7	%
Net realized gains (losses) and other, net of tax and DAC, excluded from core earnings		(16	)		10			(20	)		(56	)		5		NM			NM				(18	)		(51	)		(183	%)
Net Income [1]	$	47		$	98		$	48		$	14		$	69			47	%	NM			$	107		$	83			(22	%)
RETURN ON ASSETS (After-tax bps)
Core earnings		75.7			100.0			73.2			73.1			66.4			(12	%)		(9	%)		76.9			70.8			(8	%)
Net income		56.5			111.4			51.7			14.6			71.6			27	%	NM				65.8			43.8			(33	%)

[1] The DAC unlock recorded in the three months ended September 30, 2007 increased both core earnings and net income by $22. The effect on each income statement line item is as follows:

	September 30, 2007
Death and other benefits	$	(9	)
Amortization of deferred policy acquisition costs		(25	)
Income tax expense		12

L-25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD — Dollars

		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2007			2007			2007			2008			2008
VARIABLE ANNUITIES	Beginning balance	$	31,148		$	32,050		$	34,888		$	35,793		$	36,777
	Deposits/Premiums/other		1,754			1,803			1,086			944			863
	Surrenders		(364	)		(309	)		(321	)		(298	)		(272	)
	Death benefits/annuitizations/other		(108	)		(108	)		(119	)		(126	)		(122	)
	Net Flows		1,282			1,386			646			520			469
	Change in market value/currency/change in reserve/interest credited		1,045			(893	)		(801	)		(3,722	)		976
	Effect of currency translation		(1,425	)		2,345			1,060			4,186			(2,312	)
	Ending balance	$	32,050		$	34,888		$	35,793		$	36,777		$	35,910
FIXED MVA AND OTHER	Beginning balance	$	1,723		$	1,658		$	1,785		$	1,844		$	2,198
	Deposits/Premiums/other		12			24			20			172			149
	Surrenders		(8	)		(4	)		(8	)		(12	)		(7	)
	Death benefits/annuitizations/other		(7	)		(8	)		(7	)		(17	)		(14	)
	Net Flows		(3	)		12			5			143			128
	Change in market value/currency/change in reserve/interest credited		14			(7	)		1			(17	)		21
	Effect of currency translation		(76	)		122			53			228			(135	)
	Ending balance	$	1,658		$	1,785		$	1,844		$	2,198		$	2,212
TOTAL JAPAN	Beginning balance	$	32,871		$	33,708		$	36,673		$	37,637		$	38,975
	Deposits/Premiums/other		1,766			1,827			1,106			1,116			1,012
	Surrenders		(372	)		(313	)		(329	)		(310	)		(279	)
	Death benefits/annuitizations/other		(115	)		(116	)		(126	)		(143	)		(136	)
	Net Flows		1,279			1,398			651			663			597
	Change in market value/change in reserve/interest credited		1,059			(900	)		(800	)		(3,739	)		997
	Effect of currency translation		(1,501	)		2,467			1,113			4,414			(2,447	)
	Ending balance	$	33,708		$	36,673		$	37,637		$	38,975		$	38,122

L-26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INTERNATIONAL — JAPAN
SUPPLEMENTAL DATA — ACCOUNT VALUE ROLLFORWARD — Yen

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2007			2007			2007			2008			2008
VARIABLE ANNUITIES	Beginning balance	¥	3,677,972		¥	3,958,157		¥	4,012,693		¥	3,998,563		¥	3,660,549
	Deposits/Premiums/other		211,961			212,415			122,808			99,140			90,334
	Surrenders		(44,092	)		(36,607	)		(36,261	)		(31,364	)		(28,471	)
	Death benefits/annuitizations/other		(13,058	)		(12,741	)		(13,512	)		(13,329	)		(12,752	)
	Net Flows		154,811			163,067			73,035			54,447			49,111
	Change in market value/change in reserve/interest credited		125,374			(108,531	)		(87,165	)		(392,461	)		96,979
	Ending balance		3,958,157			4,012,693			3,998,563			3,660,549			3,806,639
FIXED MVA AND OTHER	Beginning balance		203,489			204,729			205,275			206,028			218,854
	Deposits/Premiums/other		1,393			2,792			2,293			17,558			15,609
	Surrenders		(992	)		(529	)		(904	)		(1,245	)		(744	)
	Death benefits/annuitizations/other		(844	)		(909	)		(753	)		(1,733	)		(1,469	)
	Net Flows		(443	)		1,354			636			14,580			13,396
	Change in market value/change in reserve/interest credited		723			753			767			790			884
	Effect of currency translation on USD Fixed Annuity products		960			(1,561	)		(650	)		(2,544	)		1,308
	Ending balance		204,729			205,275			206,028			218,854			234,442
TOTAL JAPAN	Beginning balance		3,881,461			4,162,886			4,217,968			4,204,591			3,879,403
	Deposits/Premiums/other		213,354			215,207			125,101			116,698			105,943
	Surrenders		(45,084	)		(37,136	)		(37,165	)		(32,609	)		(29,215	)
	Death benefits/annuitizations/other		(13,902	)		(13,650	)		(14,265	)		(15,062	)		(14,221	)
	Net Flows		154,368			164,421			73,671			69,027			62,507
	Change in market value/change in reserve/interest credited		126,097			(107,778	)		(86,398	)		(391,671	)		97,863
	Effect of currency translation on USD Fixed Annuity products		960			(1,561	)		(650	)		(2,544	)		1,308
	Ending balance	¥	$4,162,886		¥	4,217,968		¥	4,204,591		¥	3,879,403		¥	4,041,081

L-27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Revenues
Premiums and other considerations
Variable annuity fees	$	13		$	20		$	21		$	19		$	20			54	%		5	%	$	32		$	39			22	%
Cost of insurance charges		20			20			10			17			16			(20	%)		(6	%)		32			33			3	%
Mutual fund and other fees		20			57			9			5			2			(90	%)		(60	%)		50			7			(86	%)
Total fee income		53			97			40			41			38			(28	%)		(7	%)		114			79			(31	%)
Direct premiums		191			411			217			188			242			27	%		29	%		359			430			20	%
Total premiums and other considerations		244			508			257			229			280			15	%		22	%		473			509			8	%
Net investment income
Net investment income on G/A assets		299			311			312			284			269			(10	%)		(5	%)		583			553			(5	%)
Net investment income on assigned capital		9			9			9			9			9			—			—			16			18			13	%
Charge for invested capital		—			—			1			1			1			—			—			—			2			—
Total net investment income		308			320			322			294			279			(9	%)		(5	%)		599			573			(4	%)
Net realized capital gains — core		—			1			1			—			—			—			—			—			—			—
Total core revenues		552			829			580			523			559			1	%		7	%		1,072			1,082			1	%
Net realized losses, before tax and DAC, excluded from core revenues		(20	)		(47	)		(120	)		(219	)		(87	)	NM				60	%		(23	)		(306	)	NM
Total revenues		532			782			460			304			472			(11	%)		55	%		1,049			776			(26	%)
Benefits and Expenses
Benefits and losses
Death benefits		26			22			11			17			13			(50	%)		(24	%)		38			30			(21	%)
Other contract benefits		103			107			117			113			120			17	%		6	%		200			233			17	%
Change in reserve		174			396			192			177			220			26	%		24	%		328			397			21	%
Interest credited on G/A assets		171			167			171			151			135			(21	%)		(11	%)		325			286			(12	%)
Total benefits and losses		474			692			491			458			488			3	%		7	%		891			946			6	%
Other insurance expenses
Commissions & wholesaling expenses		18			15			15			14			15			(17	%)		7	%		33			29			(12	%)
Operating expenses		19			19			23			20			25			32	%		25	%		37			45			22	%
Premium taxes and other expenses		6			56			7			3			(1	)	NM			NM				30			2			(93	%)
Subtotal — expenses before deferral		43			90			45			37			39			(9	%)		5	%		100			76			(24	%)
Deferred policy acquisition costs		(13	)		(9	)		(9	)		(9	)		(9	)		31	%		—			(32	)		(18	)		44	%
Total other insurance expense		30			81			36			28			30			—			7	%		68			58			(15	%)
Amortization of deferred policy acquisition costs [1]		2			2			4			6			5			150	%		(17	%)		17			11			(35	%)
Total benefits and expenses		506			775			531			492			523			3	%		6	%		976			1,015			4	%
Core earnings before income taxes		46			54			49			31			36			(22	%)		16	%		96			67			(30	%)
Income tax expense		14			16			14			9			9			(36	%)		—			29			18			(38	%)
Core earnings [1]		32			38			35			22			27			(16	%)		23	%		67			49			(27	%)
Net realized losses, net of tax and DAC, excluded from core earnings		(13	)		(30	)		(78	)		(142	)		(57	)	NM				60	%		(15	)		(199	)	NM
Net income (loss) [1]	$	19		$	8		$	(43	)	$	(120	)	$	(30	)	NM				75	%	$	52		$	(150	)	NM
RETURN ON ASSETS (After-tax bps)
Core earnings		23.3			26.1			23.0			14.3			17.4			(25	%)		22	%		25.0			15.8			(37	%)
Net income (loss)		13.8			5.5			(28.2	)		(78.0	)		(19.4	)	NM				75	%		19.4			(48.5	)	NM

[1] The DAC unlock recorded in the three months ended September 30, 2007 decreased amortization of deferred policy acquisition costs by $1, after-tax.

L-28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — DEPOSITS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month			JUNE 30,
	2007		2007		2007		2008		2008		Change			Change			2007		2008		Change
Institutional
Structured settlements		286	$	235	$	267	$	211	$	200		(30	%)		(5	%)		564	$	411		(27	%)
Institutional annuities		43		257		10		23		38		(12	%)		65	%		48		61		27	%
Guaranteed interest products		784		831		115		721		552		(30	%)		(23	%)		1,639		1,273		(22	%)
Other		158		58		114		53		119		(25	%)		125	%		209		172		(18	%)
Subtotal		1,271		1,381		506		1,008		909		(28	%)		(10	%)		2,460		1,917		(22	%)
Mutual funds		298		571		504		583		383		29	%		(34	%)		607		966		59	%
Total Institutional		1,569		1,952		1,010		1,591		1,292		(18	%)		(19	%)		3,067		2,883		(6	%)
Private Placement Life Insurance
Corporate owned		786		2,569		450		57		64		(92	%)		12	%		2,176		121		(94	%)
Private clients		3		10		4		13		22	NM				69	%		10		35	NM
Total Private Placement Life Insurance		789		2,579		454		70		86		(89	%)		23	%		2,186		156		(93	%)
Total Institutional Solutions Group	$	2,358	$	4,531	$	1,464	$	1,661	$	1,378		(42	%)		(17	%)	$	5,253	$	3,039		(42	%)

L-29

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ASSETS UNDER MANAGEMENT

											Year Over
											Year			Sequential
	June 30,		Sept. 30,		Dec. 31,		March 31,		June 30,		3 Month			3 Month
	2007		2007		2007		2008		2008		Change			Change
INSTITUTIONAL
General account	$	18,899	$	19,701	$	19,731	$	20,197	$	20,593		9	%		2	%
Guaranteed separate account		407		413		421		412		402		(1	%)		(2	%)
Non-guaranteed separate account		4,821		4,927		4,951		4,675		4,551		(6	%)		(3	%)
Total Institutional account value		24,127		25,041		25,103		25,284		25,546		6	%		1	%
Mutual fund assets		2,956		3,398		3,581		3,489		3,844		30	%		10	%
Total Institutional Assets Under Management	$	27,083	$	28,439	$	28,684	$	28,773	$	29,390		9	%		2	%
PRIVATE PLACEMENT LIFE INSURANCE
General account	$	3	$	2	$	4	$	5	$	5		67	%		—
Non-guaranteed separate account		29,050		32,039		32,788		32,779		32,939		13	%		—
Total Private Placement Life Insurance account value		29,053		32,041		32,792		32,784		32,944		13	%		—
TOTAL INSTITUTIONAL SOLUTIONS GROUP
General account	$	18,902	$	19,703	$	19,735	$	20,202	$	20,598		9	%		2	%
Guaranteed separate account		407		413		421		412		402		(1	%)		(2	%)
Non-guaranteed separate account		33,871		36,966		37,739		37,454		37,490		11	%		—
Total Institutional Solutions Group account value		53,180		57,082		57,895		58,068		58,490		10	%		1	%
Mutual fund assets		2,956		3,398		3,581		3,489		3,844		30	%		10	%
Total Institutional Solutions Group Assets Under Management	$	56,136	$	60,480	$	61,476	$	61,557	$	62,334		11	%		1	%
BY PRODUCT
Institutional
Structured settlements	$	5,827	$	6,063	$	6,322	$	6,530	$	6,729		15	%		3	%
Institutional annuities		2,866		3,114		3,113		3,108		3,118		9	%		—
Guaranteed interest products		10,363		10,676		10,421		10,644		10,741		4	%		1	%
Other		5,071		5,188		5,247		5,002		4,958		(2	%)		(1	%)
Total Institutional		24,127		25,041		25,103		25,284		25,546		6	%		1	%
Private Placement Life Insurance		29,053		32,041		32,792		32,784		32,944		13	%		—
Total Institutional Solutions Group account value		53,180		57,082		57,895		58,068		58,490		10	%		1	%
Institutional Mutual Fund Assets		2,956		3,398		3,581		3,489		3,844		30	%		10	%
Total Institutional Solutions Group Assets Under Management	$	56,136	$	60,480	$	61,476	$	61,557	$	62,334		11	%		1	%

L-30

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
LIFE
INSTITUTIONAL SOLUTIONS GROUP
SUPPLEMENTAL DATA — ACCOUNT VALUE AND ASSET ROLLFORWARD [1]

		THREE MONTHS ENDED
		June 30,			Sept. 30,			Dec. 31,			March 31,			June 30,
		2007			2007			2007			2008			2008
INSTITUTIONAL INVESTMENT PRODUCTS
ACCOUNT VALUE [1]	Beginning balance	$	23,159		$	24,127		$	25,041		$	25,103		$	25,284
	Deposits		1,271			1,381			506			1,008			909
	Surrenders		(562	)		(730	)		(572	)		(695	)		(626	)
	Death benefits/annuity payouts		(147	)		(150	)		(161	)		(160	)		(171	)
	Net Flows		562			501			(227	)		153			112
	Change in market value/change in reserve/interest credited		406			413			289			28			150
	Ending balance	$	24,127		$	25,041		$	25,103		$	25,284		$	25,546
INSTITUTIONAL
MUTUAL FUND ASSETS [2]	Beginning balance	$	2,669		$	2,956		$	3,398		$	3,581		$	3,489
	Deposits		298			571			504			583			383
	Surrenders		(252	)		(224	)		(273	)		(285	)		(201	)
	Net Flows		46			347			231			298			182
	Change in market value/change in reserve/interest credited		241			95			(48	)		(390	)		173
	Ending balance	$	2,956		$	3,398		$	3,581		$	3,489		$	3,844
PRIVATE PLACEMENT LIFE INSURANCE
ACCOUNT VALUE [1]	Beginning balance	$	27,839		$	29,053		$	32,041		$	32,792		$	32,784
	Deposits		789			2,579			454			70			86
	Surrenders		(1	)		(2	)		(29	)		(17	)		(20	)
	Death benefits/annuity payouts		(18	)		(11	)		(27	)		(25	)		(47	)
	Net Flows		770			2,566			398			28			19
	Change in market value/change in reserve/interest credited		495			462			372			18			197
	Other [3]		(51	)		(40	)		(19	)		(54	)		(56	)
	Ending balance	$	29,053		$	32,041		$	32,792		$	32,784		$	32,944
INSTITUTIONAL SOLUTIONS GROUP
	Beginning balance	$	53,667		$	56,136		$	60,480		$	61,476		$	61,557
	Deposits		2,358			4,531			1,464			1,661			1,378
	Surrenders		(815	)		(956	)		(874	)		(997	)		(847	)
	Death benefits/annuity payouts		(165	)		(161	)		(188	)		(185	)		(218	)
	Net Flows		1,378			3,414			402			479			313
	Change in market value/change in reserve/interest credited		1,142			970			613			(344	)		520
	Other [3]		(51	)		(40	)		(19	)		(54	)		(56	)
	Ending balance	$	56,136		$	60,480		$	61,476		$	61,557		$	62,334

[1]	Account value includes policyholder balances for investment contracts and reserves for future policy benefits for insurance contracts.
[2]	Mutual Fund assets are an internal measure used by the company because a portion of revenues are based upon asset levels. Mutual Fund assets are not included on the balance sheet.
[3]	Primarily consists of cost of insurance and M&E charges.

L-31

PROPERTY & CASUALTY

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
FINANCIAL HIGHLIGHTS

	THREE MONTHS ENDED															Year Over Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
TOTAL PROPERTY & CASUALTY PREMIUMS
Written premiums	$	2,675		$	2,630		$	2,513		$	2,586		$	2,585			(3	%)		—		$	5,297		$	5,171			(2	%)
Earned premiums		2,622			2,628			2,623			2,614			2,586			(1	%)		(1	%)		5,245			5,200			(1	%)
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Personal Lines		84			78			30			105			18			(79	%)		(83	%)		214			123			(43	%)
Small Commercial		101			119			204			119			69			(32	%)		(42	%)		185			188			2	%
Middle Market		34			22			55			51			1			(97	%)		(98	%)		67			52			(22	%)
Specialty Commercial		(2	)		6			(55	)		43			20		NM				(53	%)		44			63			43	%
Ongoing Operations underwriting results		217			225			234			318			108			(50	%)		(66	%)		510			426			(16	%)
Other Operations [1]		(120	)		(43	)		(23	)		(19	)		(58	)		52	%	NM				(144	)		(77	)		47	%
Total Property & Casualty underwriting results	$	97		$	182		$	211		$	299		$	50			(48	%)		(83	%)	$	366		$	349			(5	%)
ONGOING OPERATIONS UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [2]		63.6			64.5			65.2			62.2			63.4			0.2			(1.2	)		62.7			62.8			(0.1	)
Current accident year catastrophes		2.0			1.2			2.5			1.9			6.6			(4.6	)		(4.7	)		1.5			4.2			(2.7	)
Prior accident years [3]		(0.5	)		(0.4	)		(4.8	)		(2.0	)		(1.5	)		1.0			(0.5	)		(0.1	)		(1.7	)		1.6
Total losses and loss adjustment expenses		65.1			65.3			62.8			62.2			68.5			(3.4	)		(6.3	)		64.1			65.3			(1.2	)
Expenses		26.3			25.9			27.3			25.5			26.5			(0.2	)		(1.0	)		25.9			26.0			(0.1	)
Policyholder dividends [4]		0.4			0.2			0.9			0.2			0.8			(0.4	)		(0.6	)		0.3			0.5			(0.2	)
Combined ratio		91.7			91.4			91.1			87.8			95.8			(4.1	)		(8.0	)		90.3			91.8			(1.5	)
Catastrophes
Current year		2.0			1.2			2.5			1.9			6.6			(4.6	)		(4.7	)		1.5			4.2			(2.7	)
Prior year		0.1			0.3			0.2			(0.4	)		—			0.1			(0.4	)		—			(0.2	)		0.2
Catastrophe ratio		2.1			1.5			2.6			1.5			6.6			(4.5	)		(5.1	)		1.5			4.0			(2.5	)
Combined ratio before catastrophes		89.6			89.9			88.4			86.4			89.2			0.4			(2.8	)		88.8			87.8			1.0
Combined ratio before catastrophes and prior year development [3]		90.2			90.6			93.4			87.9			90.7			(0.5	)		(2.8	)		88.9			89.3			(0.4	)
Total Property & Casualty Income and ROE
Net income	$	344		$	353		$	349		$	326		$	249			(28	%)		(24	%)	$	805		$	575			(29	%)
Core earnings	$	362		$	405		$	414		$	426		$	283			(22	%)		(34	%)	$	810		$	709			(12	%)
Core earnings ROE (last 12 months income-equity x-AOCI)
Ongoing Operations		23.4	%		23.7	%		23.2	%		22.7	%		20.0	%		(3.4	)		(2.7	)
Other Operations		3.4	%		5.2	%		4.4	%		4.6	%		10.7	%		7.3			6.1
Total Property & Casualty		21.5	%		21.9	%		21.4	%		21.1	%		19.2	%		(2.3	)		(1.9	)

	PROPERTY & CASUALTY
	Dec. 31,		Jun. 30,
	2007		2008		Change
Selected Financial Data
Total Property and Casualty adjusted statutory surplus ($ in billions)	$	8.5	$	8.3	$	(0.2	)
Total Property and Casualty premium to adjusted surplus ratio		1.2		1.2		—

[1]	The three months ended June 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision. The three months ended June 30, 2008 included net asbestos reserve strengthening of $50.
[2]	The three months ended June 30, 2007 included current accident year reserve strengthening, totaling 0.4 points, related to Personal Lines auto liability claims. The three months ended December 31, 2007 included current accident year reserve strengthening, totaling 0.5 points, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening, totaling 0.3 points, primarily related to liability claims under Small Commercial package business.
[3]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.
[4]	Included in policyholder dividends for the three months ended December 31, 2007 and June 30, 2008 were increases of 0.8 points and 0.6 points, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.

PC-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY
OPERATING RESULTS

	THREE MONTHS ENDED															Year Over			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
TOTAL PROPERTY & CASUALTY UNDERWRITING RESULTS
Written premiums	$	2,675		$	2,630		$	2,513		$	2,586		$	2,585			(3	%)		—		$	5,297		$	5,171			(2	%)
Change in unearned premium reserve		53			2			(110	)		(28	)		(1	)	NM				96	%		52			(29	)	NM
Earned premiums		2,622			2,628			2,623			2,614			2,586			(1	%)		(1	%)		5,245			5,200			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,664			1,695			1,708			1,625			1,639			(2	%)		1	%		3,289			3,264			(1	%)
Current accident year catastrophes		52			32			65			50			171		NM			NM				80			221			176	%
Prior accident years [2]		104			28			(106	)		(36	)		16			(85	%)	NM				126			(20	)	NM
Total losses and loss adjustment expenses		1,820			1,755			1,667			1,639			1,826			—			11	%		3,495			3,465			(1	%)
Underwriting expenses		695			686			721			671			690			(1	%)		3	%		1,370			1,361			(1	%)
Dividends to policyholders [3]		10			5			24			5			20			100	%	NM				14			25			79	%
Underwriting results		97			182			211			299			50			(48	%)		(83	%)		366			349			(5	%)
Net servicing income		14			16			11			(1	)		8			(43	%)	NM				25			7			(72	%)
Net investment income [4]		446			407			421			365			391			(12	%)		7	%		859			756			(12	%)
Periodic net coupon settlements on credit derivatives, before-tax		3			5			4			2			1			(67	%)		(50	%)		6			3			(50	%)
Other expenses [5]		(58	)		(64	)		(67	)		(59	)		(65	)		(12	%)		(10	%)		(118	)		(124	)		(5	%)
Income tax expense		(140	)		(141	)		(166	)		(180	)		(102	)		27	%		43	%		(328	)		(282	)		14	%
Core earnings		362			405			414			426			283			(22	%)		(34	%)		810			709			(12	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(18	)		(52	)		(65	)		(100	)		(34	)		(89	%)		66	%		(5	)		(134	)	NM
Net income	$	344		$	353		$	349		$	326		$	249			(28	%)		(24	%)	$	805		$	575			(29	%)
Total Property & Casualty effective tax rate — net income		27.6	%		24.2	%		27.4	%		27.9	%		25.1	%		(2.5	)		(2.8	)		28.8	%		26.7	%		(2.1	)
Total Property & Casualty effective tax rate — core earnings		27.9	%		25.8	%		28.7	%		29.7	%		26.4	%		(1.5	)		(3.3	)		28.8	%		28.4	%		(0.4	)

[1]	The three months ended June 30, 2007 included current accident year reserve strengthening of $10, related to Personal Lines auto liability claims. The three months ended December 31, 2007 included current accident year reserve strengthening of $13, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business.
[2]	The three months ended June 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision. The three months ended December 31, 2007 included $110 of reserve releases related to Small Commercial workers’ compensation claims.
[3]	Included in policyholder dividends for the three months ended December 31, 2007 and June 30, 2008 were increases of $20 and $15, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[4]	The decrease in net investment income for the three and six months ended June 30, 2008 was primarily driven by lower returns on limited partnerships and other alternative investments, largely due to lower returns on hedge funds and real estate partnerships.
[5]	The three months ended June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008 and June 30, 2008 included $12, $12, $11, $10 and $11 of interest charged by Corporate on the amount of capital held by the Property and Casualty operation in excess of the amount needed to support the capital requirements of the Property and Casualty operation.

PC-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
ONGOING OPERATIONS UNDERWRITING RESULTS
Written premiums	$	2,674		$	2,628		$	2,511		$	2,584		$	2,583			(3	%)		—		$	5,296		$	5,167			(2	%)
Change in unearned premium reserve		53			2			(110	)		(29	)		(1	)	NM				97	%		52			(30	)	NM
Earned premiums		2,621			2,626			2,621			2,613			2,584			(1	%)		(1	%)		5,244			5,197			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,664			1,695			1,708			1,625			1,639			(2	%)		1	%		3,289			3,264			(1	%)
Current accident year catastrophes		52			32			65			50			171		NM			NM				80			221			176	%
Prior accident years [2]		(12	)		(11	)		(126	)		(51	)		(39	)	NM				24	%		(8	)		(90	)	NM
Total losses and loss adjustment expenses		1,704			1,716			1,647			1,624			1,771			4	%		9	%		3,361			3,395			1	%
Underwriting expenses		690			680			716			666			685			(1	%)		3	%		1,359			1,351			(1	%)
Dividends to policyholders [3]		10			5			24			5			20			100	%	NM				14			25			79	%
Underwriting results		217			225			234			318			108			(50	%)		(66	%)		510			426			(16	%)
Net servicing income		14			16			11			(1	)		8			(43	%)	NM				25			7			(72	%)
Net investment income [4]		385			346			357			310			334			(13	%)		8	%		736			644			(13	%)
Periodic net coupon settlements on credit derivatives, before-tax		3			5			4			2			1			(67	%)		(50	%)		6			3			(50	%)
Other expenses [5]		(56	)		(63	)		(69	)		(57	)		(65	)		(16	%)		(14	%)		(116	)		(122	)		(5	%)
Income tax expense		(165	)		(138	)		(155	)		(172	)		(105	)		36	%		39	%		(343	)		(277	)		19	%
Core earnings		398			391			382			400			281			(29	%)		(30	%)		818			681			(17	%)
Add: Net realized capital losses, after-tax, excluded from core earnings		(14	)		(50	)		(59	)		(88	)		(35	)		(150	%)		60	%		(5	)		(123	)	NM
Net income	$	384		$	341		$	323		$	312		$	246			(36	%)		(21	%)	$	813		$	558			(31	%)
Ongoing Operations effective tax rate — net income		29.1	%		24.5	%		27.6	%		28.4	%		26.0	%		(3.1	)		(2.4	)		29.5	%		27.4	%		(2.1	)
Ongoing Operations effective tax rate — core earnings		29.3	%		26.1	%		28.9	%		30.0	%		27.3	%		(2.0	)		(2.7	)		29.6	%		28.9	%		(0.7	)

[1]	The three months ended June 30, 2007 included current accident year reserve strengthening of $10, related to Personal Lines auto liability claims. The three months ended December 31, 2007 included current accident year reserve strengthening of $13, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business.
[2]	The three months ended December 31, 2007 included $110 of reserve releases related to Small Commercial workers’ compensation claims. The six months ended June 30, 2008 included $58 of reserve releases related to workers’ compensation claims and $20 of reserve releases related to professional liability claims.
[3]	Included in policyholder dividends for the three months ended December 31, 2007 and June 30, 2008 were increases of $20 and $15, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[4]	The decrease in net investment income for the three and six months ended June 30, 2008 was primarily driven by lower returns on limited partnerships and other alternative investments, largely due to lower returns on hedge funds and real estate partnerships.
[5]	The three months ended June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008 and June 30, 2008 included $12, $12, $11, $10 and $11 of interest charged by Corporate on the amount of capital held by the Property and Casualty operation in excess of the amount needed to support the capital requirements of the Property and Casualty operation.

PC-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE THREE MONTHS ENDED JUNE 30, 2008

	Personal		Small			Middle			Specialty			Ongoing
	Lines		Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,029	$	679		$	513		$	362		$	2,583
Change in unearned premium reserve		49		(4	)		(46	)		—			(1	)
Earned premiums		980		683			559			362			2,584
Losses and loss adjustment expenses
Current accident year before catastrophes		645		380			369			245			1,639
Current accident year catastrophes		97		35			33			6			171
Prior accident years		1		(2	)		(22	)		(16	)		(39	)
Total losses and loss adjustment expenses		743		413			380			235			1,771
Underwriting expenses		219		198			165			103			685
Dividends to policyholders		—		3			13			4			20
Underwriting results	$	18	$	69		$	1		$	20		$	108
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		65.9		55.5			66.2			67.4			63.4
Current accident year catastrophes		9.8		5.2			5.8			1.9			6.6
Prior accident years [1]		—		(0.3	)		(3.9	)		(4.2	)		(1.5	)
Total losses and loss adjustment expenses		75.8		60.4			68.1			65.1			68.5
Expenses		22.4		29.0			29.4			28.6			26.5
Policyholder dividends		—		0.5			2.4			1.0			0.8
Combined ratio		98.1		89.8			99.8			94.7			95.8
Catastrophes
Current year		9.8		5.2			5.8			1.9			6.6
Prior year		0.3		0.1			(0.4	)		(0.5	)		—
Catastrophe ratio		10.1		5.3			5.4			1.4			6.6
Combined ratio before catastrophes		88.0		84.5			94.4			93.3			89.2
Combined ratio before catastrophes and prior year development [1]		88.3		84.9			97.9			97.0			90.7

[1] Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS CONSOLIDATING UNDERWRITING RESULTS
FOR THE SIX MONTHS ENDED JUNE 30, 2008

	Personal			Small			Middle			Specialty			Ongoing
	Lines			Commercial			Market			Commercial			Operations
UNDERWRITING RESULTS
Written premiums	$	1,965		$	1,422		$	1,061		$	719		$	5,167
Change in unearned premium reserve		2			52			(74	)		(10	)		(30	)
Earned premiums		1,963			1,370			1,135			729			5,197
Losses and loss adjustment expenses
Current accident year before catastrophes		1,280			750			741			493			3,264
Current accident year catastrophes		127			44			42			8			221
Prior accident years		(7	)		(4	)		(38	)		(41	)		(90	)
Total losses and loss adjustment expenses		1,400			790			745			460			3,395
Underwriting expenses		440			388			323			200			1,351
Dividends to policyholders		—			4			15			6			25
Underwriting results	$	123		$	188		$	52		$	63		$	426
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes		65.3			54.6			65.3			67.6			62.8
Current accident year catastrophes		6.4			3.2			3.7			1.1			4.2
Prior accident years [1]		(0.4	)		(0.3	)		(3.3	)		(5.6	)		(1.7	)
Total losses and loss adjustment expenses		71.3			57.6			65.7			63.1			65.3
Expenses		22.4			28.3			28.4			27.5			26.0
Policyholder dividends		—			0.3			1.3			0.8			0.5
Combined ratio		93.7			86.2			95.5			91.4			91.8
Catastrophes
Current year		6.4			3.2			3.7			1.1			4.2
Prior year		(0.2	)		0.1			(0.1	)		(1.1	)		(0.2	)
Catastrophe ratio		6.3			3.3			3.6			(0.1	)		4.0
Combined ratio before catastrophes		87.5			82.9			91.8			91.4			87.8
Combined ratio before catastrophes and prior year development [1]		87.7			83.3			95.1			95.9			89.3

[1] Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ONGOING OPERATIONS
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	2,674		$	2,628		$	2,511		$	2,584		$	2,583			(3	%)		—		$	5,296		$	5,167			(2	%)
Change in unearned premium reserve		53			2			(110	)		(29	)		(1	)	NM				97	%		52			(30	)	NM
Earned premiums		2,621			2,626			2,621			2,613			2,584			(1	%)		(1	%)		5,244			5,197			(1	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		1,664			1,695			1,708			1,625			1,639			(2	%)		1	%		3,289			3,264			(1	%)
Current accident year catastrophes		52			32			65			50			171		NM			NM				80			221			176	%
Prior accident years [2]		(12	)		(11	)		(126	)		(51	)		(39	)	NM				24	%		(8	)		(90	)	NM
Total losses and loss adjustment expenses		1,704			1,716			1,647			1,624			1,771			4	%		9	%		3,361			3,395			1	%
Underwriting expenses		690			680			716			666			685			(1	%)		3	%		1,359			1,351			(1	%)
Dividends to policyholders [3]		10			5			24			5			20			100	%	NM				14			25			79	%
Underwriting results	$	217		$	225		$	234		$	318		$	108			(50	%)		(66	%)	$	510		$	426			(16	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		63.6			64.5			65.2			62.2			63.4			0.2			(1.2	)		62.7			62.8			(0.1	)
Current accident year catastrophes		2.0			1.2			2.5			1.9			6.6			(4.6	)		(4.7	)		1.5			4.2			(2.7	)
Prior accident years [2] [4]		(0.5	)		(0.4	)		(4.8	)		(2.0	)		(1.5	)		1.0			(0.5	)		(0.1	)		(1.7	)		1.6
Total losses and loss adjustment expenses		65.1			65.3			62.8			62.2			68.5			(3.4	)		(6.3	)		64.1			65.3			(1.2	)
Expenses		26.3			25.9			27.3			25.5			26.5			(0.2	)		(1.0	)		25.9			26.0			(0.1	)
Policyholder dividends		0.4			0.2			0.9			0.2			0.8			(0.4	)		(0.6	)		0.3			0.5			(0.2	)
Combined ratio		91.7			91.4			91.1			87.8			95.8			(4.1	)		(8.0	)		90.3			91.8			(1.5	)
Catastrophes
Current year		2.0			1.2			2.5			1.9			6.6			(4.6	)		(4.7	)		1.5			4.2			(2.7	)
Prior year		0.1			0.3			0.2			(0.4	)		—			0.1			(0.4	)		—			(0.2	)		0.2
Catastrophe ratio		2.1			1.5			2.6			1.5			6.6			(4.5	)		(5.1	)		1.5			4.0			(2.5	)
Combined ratio before catastrophes		89.6			89.9			88.4			86.4			89.2			0.4			(2.8	)		88.8			87.8			1.0
Combined ratio before catastrophes and prior year development [4]		90.2			90.6			93.4			87.9			90.7			(0.5	)		(2.8	)		88.9			89.3			(0.4	)

[1]	The three months ended June 30, 2007 included current accident year reserve strengthening, totaling $10 or 0.4 points, related to Personal Lines auto liability claims. The three months ended December 31, 2007 included current accident year reserve strengthening, totaling $13 or 0.5 points, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening, totaling $7 or 0.3 points, primarily related to liability claims under Small Commercial package business.
[2]	The three months ended December 31, 2007 included $110 of reserve releases related to Small Commercial workers’ compensation claims. The six months ended June 30, 2008 included $58 of reserve releases related to workers’ compensation claims and $20 of reserve releases related to professional liability claims.
[3]	Included in policyholder dividends for the three months ended December 31, 2007 and June 30, 2008 were increases of $20 and $15, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
UNDERWRITING RESULTS

													Year Over
	THREE MONTHS ENDED												Year			Sequential			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,		Dec. 31,			Mar. 31,			Jun. 30,		3 Month			3 Month			JUNE 30,
	2007		2007		2007			2008			2008		Change			Change			2007		2008			Change
UNDERWRITING RESULTS
Written premiums	$	1,039	$	1,035	$	934		$	936		$	1,029		(1	%)		10	%	$	1,978	$	1,965			(1	%)
Change in unearned premium reserve		72		51		(51	)		(47	)		49		(32	%)	NM				58		2			(97	%)
Earned premiums		967		984		985			983			980		1	%		—			1,920		1,963			2	%
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		628		659		696			635			645		3	%		2	%		1,221		1,280			5	%
Current accident year catastrophes		32		26		50			30			97	NM			NM				49		127			159	%
Prior accident years [2]		4		7		(19	)		(8	)		1		(75	%)	NM				8		(7	)	NM
Total losses and loss adjustment expenses		664		692		727			657			743		12	%		13	%		1,278		1,400			10	%
Underwriting expenses		219		214		228			221			219		—			(1	%)		428		440			3	%
Underwriting results	$	84	$	78	$	30		$	105		$	18		(79	%)		(83	%)	$	214	$	123			(43	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		65.1		66.9		70.5			64.6			65.9		(0.8	)		(1.3	)		63.7		65.3			(1.6	)
Current accident year catastrophes		3.3		2.6		5.1			3.1			9.8		(6.5	)		(6.7	)		2.5		6.4			(3.9	)
Prior accident years [2] [3]		0.3		0.7		(1.9	)		(0.8	)		—		0.3			(0.8	)		0.4		(0.4	)		0.8
Total losses and loss adjustment expenses		68.7		70.1		73.8			66.9			75.8		(7.1	)		(8.9	)		66.6		71.3			(4.7	)
Expenses		22.6		21.9		23.2			22.4			22.4		0.2			—			22.2		22.4			(0.2	)
Combined ratio		91.3		92.0		97.0			89.4			98.1		(6.8	)		(8.7	)		88.9		93.7			(4.8	)
Catastrophes
Current year		3.3		2.6		5.1			3.1			9.8		(6.5	)		(6.7	)		2.5		6.4			(3.9	)
Prior year		0.3		0.4		0.1			(0.7	)		0.3		—			(1.0	)		0.2		(0.2	)		0.4
Catastrophe ratio		3.6		3.0		5.2			2.5			10.1		(6.5	)		(7.6	)		2.7		6.3			(3.6	)
Combined ratio before catastrophes		87.7		89.0		91.7			86.9			88.0		(0.3	)		(1.1	)		86.1		87.5			(1.4	)
Combined ratio before catastrophes and prior year development [3]		87.7		88.7		93.7			87.0			88.3		(0.6	)		(1.3	)		85.9		87.7			(1.8	)
COMBINED RATIO
Automobile		95.9		95.9		102.3			92.6			94.3		1.6			(1.7	)		93.3		93.5			(0.2	)
Homeowners		79.0		81.9		83.1			81.1			107.9		(28.9	)		(26.8	)		76.9		94.4			(17.5	)
Total		91.3		92.0		97.0			89.4			98.1		(6.8	)		(8.7	)		88.9		93.7			(4.8	)

[1]	The three months ended June 30, 2007 included current accident year reserve strengthening, totaling $10 or 1.1 points, related to auto liability claims. The three months ended December 31, 2007 included current accident year reserve strengthening, totaling $19 or 1.9 points, related to auto liability claims.
[2]	The three months ended December 31, 2007 included a reserve release of $16 related to auto liability claims.
[3]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PERSONAL LINES
WRITTEN AND EARNED PREMIUMS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
BUSINESS UNIT
WRITTEN PREMIUMS [1]
AARP	$	727		$	724		$	649		$	662		$	741			2	%		12	%	$	1,377		$	1,403			2	%
Agency		293			294			267			258			271			(8	%)		5	%		562			529			(6	%)
Other		19			17			18			16			17			(11	%)		6	%		39			33			(15	%)
Total	$	1,039		$	1,035		$	934		$	936		$	1,029			(1	%)		10	%	$	1,978		$	1,965			(1	%)
EARNED PREMIUMS [1]
AARP	$	663		$	680		$	685		$	687		$	691			4	%		1	%	$	1,316		$	1,378			5	%
Agency		282			283			281			277			273			(3	%)		(1	%)		559			550			(2	%)
Other		22			21			19			19			16			(27	%)		(16	%)		45			35			(22	%)
Total	$	967		$	984		$	985		$	983		$	980			1	%		—		$	1,920		$	1,963			2	%
PRODUCT LINE
WRITTEN PREMIUMS [1]
Automobile	$	739		$	732		$	678		$	698		$	729			(1	%)		4	%	$	1,438		$	1,427			(1	%)
Homeowners		300			303			256			238			300			—			26	%		540			538			—
Total	$	1,039		$	1,035		$	934		$	936		$	1,029			(1	%)		10	%	$	1,978		$	1,965			(1	%)
EARNED PREMIUMS [1]
Automobile	$	705		$	712		$	712		$	706		$	707			—			—		$	1,398		$	1,413			1	%
Homeowners		262			272			273			277			273			4	%		(1	%)		522			550			5	%
Total	$	967		$	984		$	985		$	983		$	980			1	%		—		$	1,920		$	1,963			2	%
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)
Automobile		—			—			—			3	%		3	%		3	%		—			—			3	%		3	%
Homeowners		6	%		5	%		3	%		3	%		2	%		(4	%)		(1	%)		7	%		2	%		(5	%)
Premium Retention
Automobile		88	%		88	%		87	%		88	%		87	%		(1	%)		(1	%)		89	%		88	%		(1	%)
Homeowners		97	%		94	%		93	%		88	%		91	%		(6	%)		3	%		98	%		90	%		(8	%)
New Business Premium $
Automobile	$	115		$	108		$	84		$	84		$	87			(24	%)		4	%	$	232		$	171			(26	%)
Homeowners	$	39		$	36		$	28		$	24		$	27			(31	%)		13	%	$	76		$	51			(33	%)
Policies in force
Automobile		2,342,883			2,359,246			2,349,402			2,339,871			2,326,188			(1	%)		(1	%)
Homeowners		1,476,340			1,484,157			1,481,542			1,477,335			1,471,920			—			—

[1] The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.

PC-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SMALL COMMERCIAL
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	694		$	664		$	649		$	743		$	679			(2	%)		(9	%)	$	1,434		$	1,422			(1	%)
Change in unearned premium reserve		10			(19	)		(39	)		56			(4	)	NM			NM				69			52			(25	%)
Earned premiums		684			683			688			687			683			—			(1	%)		1,365			1,370			—
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		399			406			392			370			380			(5	%)		3	%		796			750			(6	%)
Current accident year catastrophes		12			6			3			9			35			192	%	NM				19			44			132	%
Prior accident years [2]		(27	)		(47	)		(130	)		(2	)		(2	)		93	%		—			(32	)		(4	)		88	%
Total losses and loss adjustment expenses		384			365			265			377			413			8	%		10	%		783			790			1	%
Underwriting expenses		197			197			208			190			198			1	%		4	%		394			388			(2	%)
Dividends to policyholders [3]		2			2			11			1			3			50	%	NM				3			4			33	%
Underwriting results	$	101		$	119		$	204		$	119		$	69			(32	%)		(42	%)	$	185		$	188			2	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		58.4			59.4			56.9			53.8			55.5			2.9			(1.7	)		58.4			54.6			3.8
Current accident year catastrophes		1.8			0.8			0.4			1.3			5.2			(3.4	)		(3.9	)		1.4			3.2			(1.8	)
Prior accident years [2] [4]		(3.9	)		(6.9	)		(18.8	)		(0.3	)		(0.3	)		(3.6	)		—			(2.3	)		(0.3	)		(2.0	)
Total losses and loss adjustment expenses		56.3			53.3			38.6			54.8			60.4			(4.1	)		(5.6	)		57.4			57.6			(0.2	)
Expenses		28.8			28.8			30.2			27.7			29.0			(0.2	)		(1.3	)		28.9			28.3			0.6
Policyholder dividends		0.2			0.3			1.6			0.2			0.5			(0.3	)		(0.3	)		0.2			0.3			(0.1	)
Combined ratio		85.4			82.4			70.4			82.7			89.8			(4.4	)		(7.1	)		86.5			86.2			0.3
Catastrophes
Current year		1.8			0.8			0.4			1.3			5.2			(3.4	)		(3.9	)		1.4			3.2			(1.8	)
Prior year		0.1			0.1			—			—			0.1			—			(0.1	)		0.2			0.1			0.1
Catastrophe ratio		1.9			1.0			0.5			1.3			5.3			(3.4	)		(4.0	)		1.6			3.3			(1.7	)
Combined ratio before catastrophes		83.4			81.5			69.9			81.3			84.5			(1.1	)		(3.2	)		84.9			82.9			2.0
Combined ratio before catastrophes and prior year development [4]		87.5			88.5			88.8			81.7			84.9			2.6			(3.2	)		87.4			83.3			4.1
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(1	%)		(1	%)		(3	%)		(2	%)		(3	%)		(2	%)		(1	%)		(1	%)		(3	%)		(2	%)
Premium Retention		84	%		84	%		83	%		83	%		81	%		(3	%)		(2	%)		85	%		82	%		(3	%)
New Business Premium $	$	126		$	116		$	110		$	127		$	117			(7	%)		(8	%)	$	255		$	244			(4	%)
Policies in force		1,020,262			1,031,855			1,038,542			1,048,057			1,057,058			4	%		1	%

[1]	The three months ended December 31, 2007 included a current accident year reserve release, totaling $24 or 3.5 points, related to workers’ compensation business, substantially offset by current accident year reserve strengthening, totaling $18 or 2.6 points, related to package business. The three months ended June 30, 2008 included current accident year reserve strengthening, totaling $7 or 1.0 point, primarily related to liability claims under package business.
[2]	The three and six months ended June 30, 2007 included a reserve release of $18 related to workers’ compensation business and a reserve release of $12 related to package business. The three months ended September 30, 2007 included a reserve release of $47 on workers’ compensation business for recent accident years. The three months ended December 31, 2007 included reserve releases of $110 related to workers’ compensation business and a reserve release of $17 related to package business. The six months ended June 30, 2008 included reserve releases of $39 related to workers’ compensation business, largely offset by reserve strengthening of $17 for general liability reserves.
[3]	Included in policyholder dividends for the three months ended December 31, 2007 was a $10 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
MIDDLE MARKET
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	536		$	573		$	591		$	548		$	513			(4	%)		(6	%)	$	1,093		$	1,061			(3	%)
Change in unearned premium reserve		(56	)		(9	)		19			(28	)		(46	)		18	%		(64	%)		(104	)		(74	)		29	%
Earned premiums		592			582			572			576			559			(6	%)		(3	%)		1,197			1,135			(5	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		381			384			378			372			369			(3	%)		(1	%)		761			741			(3	%)
Current accident year catastrophes		5			(1	)		6			9			33		NM			NM				10			42		NM
Prior accident years [2]		(2	)		11			(41	)		(16	)		(22	)	NM				(38	%)		16			(38	)	NM
Total losses and loss adjustment expenses		384			394			343			365			380			(1	%)		4	%		787			745			(5	%)
Underwriting expenses		168			165			169			158			165			(2	%)		4	%		335			323			(4	%)
Dividends to policyholders [3]		6			1			5			2			13			117	%	NM				8			15			88	%
Underwriting results	$	34		$	22		$	55		$	51		$	1			(97	%)		(98	%)	$	67		$	52			(22	%)
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		64.2			66.1			66.1			64.5			66.2			(2.0	)		(1.7	)		63.5			65.3			(1.8	)
Current accident year catastrophes		0.9			—			1.0			1.6			5.8			(4.9	)		(4.2	)		0.8			3.7			(2.9	)
Prior accident years [2] [4]		(0.5	)		1.8			(7.1	)		(2.7	)		(3.9	)		3.4			1.2			1.3			(3.3	)		4.6
Total losses and loss adjustment expenses		64.6			67.9			59.9			63.4			68.1			(3.5	)		(4.7	)		65.7			65.7			—
Expenses		28.5			28.2			29.6			27.5			29.4			(0.9	)		(1.9	)		28.0			28.4			(0.4	)
Policyholder dividends		1.1			0.3			0.8			0.3			2.4			(1.3	)		(2.1	)		0.7			1.3			(0.6	)
Combined ratio		94.1			96.3			90.3			91.2			99.8			(5.7	)		(8.6	)		94.4			95.5			(1.1	)
Catastrophes
Current year		0.9			—			1.0			1.6			5.8			(4.9	)		(4.2	)		0.8			3.7			(2.9	)
Prior year		(0.2	)		(0.3	)		0.5			0.3			(0.4	)		0.2			0.7			(0.4	)		(0.1	)		(0.3	)
Catastrophe ratio		0.8			(0.3	)		1.5			1.9			5.4			(4.6	)		(3.5	)		0.4			3.6			(3.2	)
Combined ratio before catastrophes		93.4			96.6			88.8			89.3			94.4			(1.0	)		(5.1	)		93.9			91.8			2.1
Combined ratio before catastrophes and prior year development [4]		93.7			94.5			96.4			92.3			97.9			(4.2	)		(5.6	)		92.2			95.1			(2.9	)
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Written Price Increases/(Decreases)		(4	%)		(3	%)		(6	%)		(6	%)		(7	%)		(3	%)		(1	%)		(4	%)		(6	%)		(2	%)
Premium Retention		76	%		77	%		79	%		80	%		78	%		2	%		(2	%)		77	%		79	%		2	%
New Business Premium $	$	97		$	93		$	94		$	104		$	100			3	%		(4	%)	$	203		$	204			—
Policies in force		79,539			79,813			80,377			81,482			82,578			4	%		1	%

[1]	The three months ended December 31, 2007 included current accident year reserve strengthening, totaling $7 or 1.2 points, related to general liability, substantially offset by a current accident year reserve release, totaling $4 or 0.7 points, related to workers’ compensation business.
[2]	The three months ended September 30, 2007 included reserve strengthening of $40 on workers’ compensation business for older accident years, partially offset by a reserve release of $11 on workers’ compensation business for recent accident years. The three months ended December 31, 2007 included a $39 release of general liability reserves for recent accident years. The six months ended June 30, 2008 included a reserve release of $19 on workers’ compensation business primarily for recent accident years.
[3]	Included in policyholder dividends for the three months ended June 30, 2008 was an $11 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
UNDERWRITING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	405		$	356		$	337		$	357		$	362			(11	%)		1	%	$	791		$	719			(9	%)
Change in unearned premium reserve		27			(21	)		(39	)		(10	)		—			(100	%)		100	%		29			(10	)	NM
Earned premiums		378			377			376			367			362			(4	%)		(1	%)		762			729			(4	%)
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		256			246			242			248			245			(4	%)		(1	%)		511			493			(4	%)
Current accident year catastrophes		3			1			6			2			6			100	%	NM				2			8		NM
Prior accident years [2]		13			18			64			(25	)		(16	)	NM				36	%		—			(41	)		—
Total losses and loss adjustment expenses		272			265			312			225			235			(14	%)		4	%		513			460			(10	%)
Underwriting expenses		106			104			111			97			103			(3	%)		6	%		202			200			(1	%)
Dividends to policyholders [3]		2			2			8			2			4			100	%		100	%		3			6			100	%
Underwriting results	$	(2	)	$	6		$	(55	)	$	43		$	20		NM				(53	%)	$	44		$	63			43	%
UNDERWRITING RATIOS
Losses and loss adjustment expenses
Current accident year before catastrophes [1]		68.0			65.5			64.9			67.9			67.4			0.6			0.5			66.9			67.6			(0.7	)
Current accident year catastrophes		0.6			0.2			1.5			0.3			1.9			(1.3	)		(1.6	)		0.3			1.1			(0.8	)
Prior accident years [2] [4]		3.8			5.0			16.6			(7.0	)		(4.2	)		8.0			(2.8	)		0.1			(5.6	)		5.7
Total losses and loss adjustment expenses		72.4			70.7			83.0			61.2			65.1			7.3			(3.9	)		67.3			63.1			4.2
Expenses		27.8			27.7			29.4			26.4			28.6			(0.8	)		(2.2	)		26.5			27.5			(1.0	)
Policyholder dividends		0.4			0.3			2.3			0.5			1.0			(0.6	)		(0.5	)		0.4			0.8			(0.4	)
Combined ratio		100.6			98.6			114.7			88.0			94.7			5.9			(6.7	)		94.2			91.4			2.8
Catastrophes
Current year		0.6			0.2			1.5			0.3			1.9			(1.3	)		(1.6	)		0.3			1.1			(0.8	)
Prior year		—			1.2			0.1			(1.8	)		(0.5	)		0.5			(1.3	)		(0.5	)		(1.1	)		0.6
Catastrophe ratio		0.6			1.4			1.6			(1.5	)		1.4			(0.8	)		(2.9	)		(0.2	)		(0.1	)		(0.1	)
Combined ratio before catastrophes		100.0			97.2			113.1			89.6			93.3			6.7			(3.7	)		94.4			91.4			3.0
Combined ratio before catastrophes and prior year development [4]		96.3			93.5			96.6			94.7			97.0			(0.7	)		(2.3	)		93.8			95.9			(2.1	)

[1]	The three months ended December 31, 2007 included a current accident year reserve release, totaling $3 or 0.8 points, related to workers’ compensation business.
[2]	The three months ended December 31, 2007 included a $35 strengthening of workers’ compensation reserves and a $34 strengthening of liability reserves, each primarily for older accident years, partially offset by a $15 reserve release for professional liability claims. The six months ended June 30, 2008 included a reserve release of $20 for professional liability claims.
[3]	Included in policyholder dividends for the three months ended December 31, 2007 was a $7 increase in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.
[4]	Included in the prior year losses and loss adjustment expenses ratio is prior accident year development on catastrophe losses.

PC-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SPECIALTY COMMERCIAL
WRITTEN AND EARNED PREMIUMS

											Year Over
	THREE MONTHS ENDED										Year			Sequential			SIX MONTHS ENDED
	Jun. 30,		Sept. 30,		Dec. 31,		Mar. 31,		Jun. 30,		3 Month			3 Month			JUNE 30,
	2007		2007		2007		2008		2008		Change			Change			2007		2008		Change
WRITTEN PREMIUMS [1]
Property	$	59	$	44	$	36	$	24	$	30		(49	%)		25	%	$	100	$	54		(46	%)
Casualty		147		119		103		159		135		(8	%)		(15	%)		312		294		(6	%)
Professional Liability, Fidelity and Surety		178		173		179		152		176		(1	%)		16	%		337		328		(3	%)
Other		21		20		19		22		21		—			(5	%)		42		43		2	%
Total	$	405	$	356	$	337	$	357	$	362		(11	%)		1	%	$	791	$	719		(9	%)
EARNED PREMIUMS [1]
Property	$	49	$	52	$	49	$	44	$	40		(18	%)		(9	%)	$	101	$	84		(17	%)
Casualty		138		130		134		132		132		(4	%)		—			279		264		(5	%)
Professional Liability, Fidelity and Surety		168		176		171		170		169		1	%		(1	%)		338		339		—
Other		23		19		22		21		21		(9	%)		—			44		42		(5	%)
Total	$	378	$	377	$	376	$	367	$	362		(4	%)		(1	%)	$	762	$	729		(4	%)

[1] The difference between written premiums and earned premiums is attributable to the change in unearned premium reserve.

PC-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OTHER OPERATIONS
OPERATING RESULTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
UNDERWRITING RESULTS
Written premiums	$	1		$	2		$	2		$	2		$	2			100	%		—		$	1		$	4		NM
Change in unearned premium reserve		—			—			—			1			—			—			(100	%)		—			1			—
Earned premiums		1			2			2			1			2			100	%		100	%		1			3		NM
Losses and loss adjustment expenses
Current accident year before catastrophes		—			—			—			—			—			—			—			—			—			—
Current accident year catastrophes		—			—			—			—			—			—			—			—			—			—
Prior accident years [1]		116			39			20			15			55			(53	%)	NM				134			70			(48	%)
Total losses and loss adjustment expenses		116			39			20			15			55			(53	%)	NM				134			70			(48	%)
Underwriting expenses		5			6			5			5			5			—			—			11			10			(9	%)
Underwriting results	$	(120	)	$	(43	)	$	(23	)	$	(19	)	$	(58	)		52	%	NM			$	(144	)	$	(77	)		47	%
Net investment income		61			61			64			55			57			(7	%)		4	%		123			112			(9	%)
Other expenses		(2	)		(1	)		2			(2	)		—			100	%		100	%		(2	)		(2	)		—
Income tax benefit (expense)		25			(3	)		(11	)		(8	)		3			(88	%)	NM				15			(5	)	NM
Core earnings		(36	)		14			32			26			2		NM				(92	%)		(8	)		28		NM
Add: Net realized capital (losses) gains, after-tax		(4	)		(2	)		(6	)		(12	)		1		NM			NM				—			(11	)		—
Net (loss) income	$	(40	)	$	12		$	26		$	14		$	3		NM				(79	%)	$	(8	)	$	17		NM

[1] The three months ended June 30, 2007 included a $99 charge principally as a result of an adverse arbitration decision. The three months ended September 30, 2007 included environmental reserve strengthening of $25. The three months ended June 30, 2008 included net asbestos reserve strengthening of $50.

PC-13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
OTHER OPERATIONS LOSSES AND LOSS ADJUSTMENT EXPENSES

For the Three Months Ended June 30, 2008	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,949		$	244		$	1,874		$	4,067
Losses and loss adjustment expenses incurred		54			—			1			55
Losses and loss adjustment expenses paid		(36	)		(7	)		(72	)		(115	)
Ending liability — net [2] [3]	$	1,967	[4]	$	237		$	1,803		$	4,007

For the Six Months Ended June 30, 2008	Asbestos			Environmental			All Other [1]			Total
Beginning liability — net [2] [3]	$	1,998		$	251		$	1,888		$	4,137
Losses and loss adjustment expenses incurred		56			—			14			70
Losses and loss adjustment expenses paid		(87	)		(14	)		(99	)		(200	)
Ending liability — net [2] [3]	$	1,967	[4]	$	237		$	1,803		$	4,007

[1]	“All Other” also includes unallocated loss adjustment expense reserves and the allowance for uncollectible reinsurance.
[2]	Excludes asbestos and environmental net liabilities reported in Ongoing Operations of $12 and $6, respectively, as of June 30, 2008, $9 and $5, respectively, as of March 31, 2008 and $9 and $6, respectively, as of December 31, 2007. Total net losses and loss adjustment expenses incurred in Ongoing Operations for the three and six months ended June 30, 2008 includes $7 and $8, respectively, related to asbestos and environmental claims. Total net losses and loss adjustment expenses paid in Ongoing Operations for the three and six months ended June 30, 2008 includes $3 and $5, respectively, related to asbestos and environmental claims.
[3]	Gross of reinsurance, asbestos and environmental reserves, including liabilities in Ongoing Operations, were $2,676 and $271, respectively, as of June 30, 2008, $2,654 and $278, respectively, as of March 31, 2008, and $2,707 and $290, respectively, as of December 31, 2007.
[4]	The one year and average three year net paid amounts for asbestos claims, including Ongoing Operations, are $265 and $279, respectively, resulting in a one year net survival ratio of 7.5 and a three year net survival ratio of 7.1. Net survival ratio is the quotient of the net carried reserves divided by the average annual payment amount and is an indication of the number of years that the net carried reserve would last (i.e. survive) if the future annual claim payments were consistent with the calculated historical average.

PC-14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
SUMMARY OF GROSS ASBESTOS RESERVES
AS OF JUNE 30, 2008

	Number of		All Time		Total		All Time
	Accounts [1]		Paid [2]		Reserves		Ultimate[2]
Major Asbestos Defendants [4]
Structured settlements (includes 2 Wellington accounts)		5	$	194	$	408	$	602
Wellington (direct only)		31		968		67		1,035
Other major asbestos defendants		29		482		168		650
No known policies (includes 3 Wellington accounts)		5		—		—		—
Accounts with future exposure > $2.5		74		715		603		1,318
Accounts with future exposure < $2.5		1,090		282		119		401
Unallocated [5]				1,653		444		2,097
Total direct			$	4,294	$	1,809	$	6,103
Assumed reinsurance				1,058		497		1,555
London market				558		370		928
Total as of June 30, 2008 [3]			$	5,910	$	2,676	$	8,586

[1]	An account may move between categories from one evaluation to the next. Reclassifications were made as a result of the reserve evaluation completed in the second quarter of 2008.
[2]	“All Time Paid” represents the total payments with respect to the indicated claim type that have already been made by the Company as of the indicated balance sheet date. “All Time Ultimate” represents the Company’s estimate, as of the indicated balance sheet date, of the total payments that are ultimately expected to be made to fully settle the indicated payment type. The amount is the sum of the amounts already paid (e.g., “All Time Paid”) and the estimated future payments (e.g., the amount shown in the column labeled “Total Reserves”).
[3]	Survival ratio is a commonly used industry ratio for comparing reserve levels between companies. While the method is commonly used, it is not a predictive technique. Survival ratios may vary over time for numerous reasons such as large payments due to the final resolution of certain asbestos liabilities, or reserve re-estimates. The survival ratio is computed by dividing the recorded reserves by the average of the past three years of payments. The ratio is the calculated number of years the recorded reserves would survive if future annual payments were equal to the average annual payments for the past three years. The 3-year gross survival ratio of 6.1 as of June 30, 2008 is computed based on total paid losses of $1,321 for the period from July 1, 2005 to June 30, 2008. As of June 30, 2008, the one year gross paid amount for total asbestos claims is $279, resulting in a one year gross survival ratio of 9.6.
[4]	Includes 25 open accounts at June 30, 2008. Included 26 open accounts at June 30, 2007.
[5]	Includes closed accounts (exclusive of Major Asbestos Defendants) and unallocated IBNR.

PC-15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
PAID AND INCURRED LOSSES AND LOSS ADJUSTMENT EXPENSES (“LAE”)
DEVELOPMENT — ASBESTOS AND ENVIRONMENTAL

	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Three Months Ended June 30, 2008	Losses & LAE			Losses & LAE			Losses & LAE			Losses & LAE
Gross
Direct	$	34		$	74		$	6		$	—
Assumed — Domestic		19			—			2			—
London Market		3			—			1			—
Total		56			74			9			—
Ceded		(20	)		(20	)		(2	)		—
Net	$	36		$	54		$	7		$	—
	Asbestos [1]						Environmental [1]
	Paid			Incurred			Paid			Incurred
For the Six Months Ended June 30, 2008	Loss & LAE			Loss & LAE			Loss & LAE			Loss & LAE
Gross
Direct	$	69		$	76		$	14		$	—
Assumed — Domestic		34			—			5			—
London Market		6			—			2			—
Total		109			76			21			—
Ceded		(22	)		(20	)		(7	)		—
Net	$	87		$	56		$	14		$	—

[1] Excludes asbestos and environmental paid and incurred loss and LAE reported in Ongoing Operations. Total gross loss and LAE incurred in Ongoing Operations for the three and six months ended June 30, 2008 includes $7 and $8, respectively, related to asbestos and environmental claims. Total gross loss and LAE paid in Ongoing Operations for the three and six months ended June 30, 2008 includes $1 and $4, respectively, related to asbestos and environmental claims.

PC-16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID LOSS AND LOSS ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Three Months Ended June 30, 2008
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 4/1/08 - gross	$	2,023		$	3,513		$	4,735		$	6,901		$	17,172		$	4,978		$	22,150
Reinsurance and other recoverables		65			181			414			2,255			2,915			911			3,826
Liabilities for unpaid losses and loss adjustment expenses at 4/1/08 - net		1,958			3,332			4,321			4,646			14,257			4,067			18,324
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		645			380			369			245			1,639			—			1,639
Current accident year catastrophes		97			35			33			6			171			—			171
Prior accident years		1			(2	)		(22	)		(16	)		(39	)		55			16
Total provision for unpaid losses and loss adjustment expenses		743			413			380			235			1,771			55			1,826
Payments		(672	)		(317	)		(341	)		(157	)		(1,487	)		(115	)		(1,602	)
Liabilities for unpaid losses and loss adjustment expenses at 6/30/08 - net		2,029			3,428			4,360			4,724			14,541			4,007			18,548
Reinsurance and other recoverables		62			191			431			2,164			2,848			919			3,767
Liabilities for unpaid losses and loss adjustment expenses at 6/30/08 - gross	$	2,091		$	3,619		$	4,791		$	6,888		$	17,389		$	4,926		$	22,315
Earned premiums	$	980		$	683		$	559		$	362		$	2,584		$	2		$	2,586
Loss and loss expense paid ratio		68.6			46.2			61.2			43.8			57.6
Loss and loss expense incurred ratio		75.8			60.4			68.1			65.1			68.5
Prior accident year development (pts.)		—			(0.3	)		(3.9	)		(4.2	)		(1.5	)

PC-17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
UNPAID LOSS AND LOSS ADJUSTMENT EXPENSE RESERVE ROLLFORWARD

	For the Six Months Ended June 30, 2008
	Personal			Small			Middle			Specialty			Ongoing			Other			Total
	Lines			Commercial			Market			Commercial			Operations			Operations			P&C
Liabilities for unpaid losses and loss adjustment expenses at 1/1/08 - gross	$	2,042		$	3,470		$	4,687		$	6,883		$	17,082		$	5,071		$	22,153
Reinsurance and other recoverables		81			177			413			2,317			2,988			934			3,922
Liabilities for unpaid losses and loss adjustment expenses at 1/1/08 - net		1,961			3,293			4,274			4,566			14,094			4,137			18,231
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes		1,280			750			741			493			3,264			—			3,264
Current accident year catastrophes		127			44			42			8			221			—			221
Prior accident years		(7	)		(4	)		(38	)		(41	)		(90	)		70			(20	)
Total provision for unpaid losses and loss adjustment expenses		1,400			790			745			460			3,395			70			3,465
Payments		(1,332	)		(655	)		(659	)		(302	)		(2,948	)		(200	)		(3,148	)
Liabilities for unpaid losses and loss adjustment expenses at 6/30/08 - net		2,029			3,428			4,360			4,724			14,541			4,007			18,548
Reinsurance and other recoverables		62			191			431			2,164			2,848			919			3,767
Liabilities for unpaid losses and loss adjustment expenses at 6/30/08 - gross	$	2,091		$	3,619		$	4,791		$	6,888		$	17,389		$	4,926		$	22,315
Earned premiums	$	1,963		$	1,370		$	1,135		$	729		$	5,197		$	3		$	5,200
Loss and loss expense paid ratio		67.9			47.6			58.1			41.5			56.7
Loss and loss expense incurred ratio		71.3			57.6			65.7			63.1			65.3
Prior accident year development (pts.)		(0.4	)		(0.3	)		(3.3	)		(5.6	)		(1.7	)

PC-18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
REINSURANCE RECOVERABLE ANALYSIS

	June 30,			December 31,
	2008			2007
Gross Reinsurance Recoverables
Paid Loss and Loss Adjustment Expenses	$	297		$	347
Unpaid Loss and Loss Adjustment Expenses		3,706			3,788
Subtotal Gross Reinsurance Recoverables		4,003			4,135
Less: Allowance for Uncollectible Reinsurance		(390	)		(404	)
Net Reinsurance Recoverables	$	3,613		$	3,731

Distribution of Gross Reinsurance Recoverables	As of December 31, 2007
	Amount			% of Total
Gross Reinsurance Recoverables	$	4,135
Less: Mandatory (Assigned Risk) Pools & Structured Settlements		(635	)
Gross Reinsurance Recoverables Excluding Mandatory Pools & Structured Settlements	$	3,500
Rated A- (Excellent) or better by A.M. Best [1]	$	2,614			74.7	%
Other Rated by A.M. Best		90			2.6	%
Total Rated Companies		2,704			77.3	%
Voluntary Pools		195			5.6	%
Captives		231			6.6	%
Other Not Rated Companies		370			10.5	%
Total	$	3,500			100.0	%

[1] Based on A.M. Best ratings as of December 31, 2007

PC-19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED INCOME STATEMENTS

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Earned premiums	$	2,622		$	2,628		$	2,623		$	2,614		$	2,586			(1	%)		(1	%)	$	5,245		$	5,200			(1	%)
Net investment income [1]		446			407			421			365			391			(12	%)		7	%		859			756			(12	%)
Other revenues		124			126			128			120			125			1	%		4	%		242			245			1	%
Net realized capital losses		(24	)		(75	)		(96	)		(152	)		(51	)		(113	%)		66	%		(1	)		(203	)	NM
Total revenues		3,168			3,086			3,076			2,947			3,051			(4	%)		4	%		6,345			5,998			(5	%)
Losses and loss adjustment expenses [2]		1,820			1,755			1,667			1,639			1,826			—			11	%		3,495			3,465			(1	%)
Amortization of deferred policy acquisition costs		528			525			523			523			521			(1	%)		—			1,056			1,044			(1	%)
Insurance operating costs and expenses [3]		177			166			222			153			189			7	%		24	%		328			342			4	%
Other expenses		168			174			184			180			182			8	%		1	%		335			362			8	%
Total benefits and expenses		2,693			2,620			2,596			2,495			2,718			1	%		9	%		5,214			5,213			—
Income before income taxes		475			466			480			452			333			(30	%)		(26	%)		1,131			785			(31	%)
Income tax expense		131			113			131			126			84			(36	%)		(33	%)		326			210			(36	%)
Net income		344			353			349			326			249			(28	%)		(24	%)		805			575			(29	%)
Less: Net realized capital losses, after-tax, excluded from core earnings		(18	)		(52	)		(65	)		(100	)		(34	)		(89	%)		66	%		(5	)		(134	)	NM
Core earnings	$	362		$	405		$	414		$	426		$	283			(22	%)		(34	%)	$	810		$	709			(12	%)
Total Property & Casualty effective tax rate — net income		27.6	%		24.2	%		27.4	%		27.9	%		25.1	%		(2.5	)		(2.8	)		28.8	%		26.7	%		(2.1	)
Total Property & Casualty effective tax rate — core earnings		27.9	%		25.8	%		28.7	%		29.7	%		26.4	%		(1.5	)		(3.3	)		28.8	%		28.4	%		(0.4	)

[1]	The decrease in net investment income for the three and six months ended June 30, 2008 was primarily driven by lower returns on limited partnerships and other alternative investments, largely due to lower returns on hedge funds and real estate partnerships.
[2]	The three months ended June 30, 2007 included prior accident year reserve development of $99, principally as a result of an adverse arbitration decision, and current accident year reserve strengthening of $10, related to Personal Lines auto liability claims. The three months ended December 31, 2007 included $110 of reserve releases related to Small Commercial workers’ compensation claims. The three months ended December 31, 2007 included current accident year reserve strengthening of $13, primarily related to strengthening of reserves for Personal Lines auto liability claims and Small Commercial package business, partially offset by a release of reserves for Small Commercial and Middle Market workers’ compensation claims. The three months ended June 30, 2008 included current accident year reserve strengthening of $7, primarily related to liability claims under Small Commercial package business.
[3]	Included in policyholder dividends for the three months ended December 31, 2007 and June 30, 2008 were increases of $20 and $15, respectively, in the estimated amount of dividends payable to certain workers’ compensation policyholders due to underwriting profits.

PC-20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
CONSOLIDATED BALANCE SHEETS

	AS OF													Year Over
	Jun. 30,		Sept. 30,		Dec. 31,			Mar. 31,			Jun. 30,			Year			Sequential
	2007		2007		2007			2008			2008			Change			Change
Investments
Fixed maturities, available for sale, at fair value	$	27,182	$	27,247	$	27,205		$	25,683		$	25,234			(7	%)		(2	%)
Equity securities, available for sale, at fair value		947		1,071		1,208			1,162			1,327			40	%		14	%
Mortgage loans		655		685		671			682			747			14	%		10	%
Other investments		1,132		1,217		1,298			1,348			1,456			29	%		8	%
Short term investments		286		170		284			711			1,073		NM				51	%
Total investments		30,202		30,390		30,666			29,586			29,837			(1	%)		1	%
Cash		190		183		241			232			241			27	%		4	%
Premiums receivable and agents’ balances		3,436		3,363		3,254			3,281			3,233			(6	%)		(1	%)
Reinsurance recoverables		3,966		3,928		3,731			3,611			3,613			(9	%)		—
Deferred policy acquisition costs		1,212		1,223		1,228			1,233			1,246			3	%		1	%
Deferred income tax		686		633		662			947			1,013			48	%		7	%
Goodwill		149		149		149			149			149			—			—
Property and equipment, net		552		569		598			601			639			16	%		6	%
Other assets		1,403		1,462		1,312			1,318			1,194			(15	%)		(9	%)
Total assets	$	41,796	$	41,900	$	41,841		$	40,958		$	41,165			(2	%)		1	%
Unpaid losses and loss adjustment expenses	$	21,990	$	22,197	$	22,153		$	22,150		$	22,315			1	%		1	%
Unearned premiums		5,576		5,540		5,402			5,388			5,372			(4	%)		—
Debt		—		—		13			11			—			—			(100	%)
Other liabilities		4,870		4,883		4,855			4,589			4,647			(5	%)		1	%
Total liabilities		32,436		32,620		32,423			32,138			32,334			—			1	%
Equity, x-AOCI, net of tax		9,323		9,214		9,428			9,372			9,536			2	%		2	%
AOCI, net of tax		37		66		(10	)		(552	)		(705	)	NM				(28	%)
Total stockholders’ equity		9,360		9,280		9,418			8,820			8,831			(6	%)		—
Total liabilities and stockholders’ equity	$	41,796	$	41,900	$	41,841		$	40,958		$	41,165			(2	%)		1	%
Hartford Fire NAIC RBC						606	%

PC-21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
PROPERTY & CASUALTY
ADJUSTED STATUTORY SURPLUS TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

	Mar. 31, 2008			Dec. 31, 2007
Adjusted Statutory Capital and Surplus	$	8,272		$	8,509
GAAP Adjustments
Deferred policy acquisition costs		1,233			1,228
Deferred taxes		(383	)		(304	)
Benefit reserves		(97	)		(100	)
Unrealized losses on investments		(555	)		(16	)
Goodwill		149			149
Non-admitted assets		1,212			1,085
Other, net		(1,011	)		(1,133	)
GAAP Stockholders’ Equity	$	8,820		$	9,418

PC-22

INVESTMENTS

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
CONSOLIDATED

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	1,004		$	1,048		$	1,051		$	992		$	936			(7	%)		(6	%)	$	2,006		$	1,928			(4	%)
Tax-exempt		137			137			141			142			141			3	%		(1	%)		270			283			5	%
Total fixed maturities		1,141			1,185			1,192			1,134			1,077			(6	%)		(5	%)		2,276			2,211			(3	%)
Equities
Available-for-sale		34			36			41			46			51			50	%		11	%		62			97			56	%
Held for trading		1,234			(698	)		(601	)		(3,578	)		1,153			(7	%)	NM				1,444			(2,425	)	NM
Total equities		1,268			(662	)		(560	)		(3,532	)		1,204			(5	%)	NM				1,506			(2,328	)	NM
Mortgage loans		76			79			81			79			83			9	%		5	%		133			162			22	%
Policy loans		34			32			33			33			34			—			3	%		70			67			(4	%)
Limited partnerships and other alternative investments [2]		107			42			40			(36	)		25			(77	%)	NM				173			(11	)	NM
Other [3]		(30	)		(51	)		(53	)		(44	)		(12	)		60	%		73	%		(57	)		(56	)		2	%
Subtotal		2,596			625			733			(2,366	)		2,411			(7	%)	NM				4,101			45			(99	%)
Less: Investment expense		26			25			27			19			28			8	%		47	%		48			47			(2	%)
Total net investment income (loss)	$	2,570		$	600		$	706		$	(2,385	)	$	2,383			(7	%)	NM			$	4,053		$	(2	)	NM
Less: Securities held for trading		1,234			(698	)		(601	)		(3,578	)		1,153			(7	%)	NM				1,444			(2,425	)	NM
Total net investment income excluding trading securities	$	1,336		$	1,298		$	1,307		$	1,193		$	1,230			(8	%)		3	%	$	2,609		$	2,423			(7	%)
Annualized investment yield, before-tax [4]		6.1	%		5.8	%		5.8	%		5.2	%		5.3	%		(0.8	)		(0.5	)		6.0	%		5.2	%		(0.8	)
Annualized investment yield, after-tax [4]		4.2	%		4.0	%		4.0	%		3.6	%		3.6	%		(0.6	)		(0.4	)		4.2	%		3.6	%		(0.6	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	74		$	56		$	120		$	95		$	73			(1	%)		(23	%)	$	198		$	168			(15	%)
Gross losses on sale		(88	)		(81	)		(56	)		(211	)		(59	)		33	%		72	%		(154	)		(270	)		(75	%)
Impairments
Credit related [5]		(10	)		(42	)		(240	)		(268	)		(79	)	NM				71	%		(22	)		(347	)	NM
Other [6]		(30	)		(68	)		(78	)		(36	)		(85	)		(183	%)		(136	%)		(33	)		(121	)	NM
Total impairments		(40	)		(110	)		(318	)		(304	)		(164	)	NM				46	%		(55	)		(468	)	NM
Japanese fixed annuity contract hedges, net [7]		(17	)		15			15			(14	)		(9	)		47	%		36	%		(12	)		(23	)		(92	%)
Periodic net coupon settlements on credit derivatives/Japan [8]		(10	)		(4	)		(2	)		(5	)		(10	)		—			(100	%)		(19	)		(15	)		21	%
SFAS 157 transition impact [9]		—			—			—			(650	)		—			—			100	%		—			(650	)		—
GMWB derivatives, net [10]		(133	)		(141	)		(34	)		(110	)		(13	)		90	%		88	%		(111	)		(123	)		(11	%)
Other net gain (loss) [11]		(34	)		(98	)		(154	)		(172	)		(100	)		(194	%)		42	%		(49	)		(272	)	NM
Total net realized capital gains (losses)	$	(248	)	$	(363	)	$	(429	)	$	(1,371	)	$	(282	)		(14	%)		79	%	$	(202	)	$	(1,653	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities held for trading, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[5]	Relates to impairments for which the Company has current concerns regarding the issuer’s ability to pay future interest and principal amounts based upon the security’s contractual terms or the depression in security value is primarily related to significant issuer specific or sector credit spread widening.
[6]	Primarily relates to impairments of securities that had declined in value primarily due to changes in interest rate or general or modest spread widening and for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow recovery to cost or amortized cost.
[7]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[8]	Included in core earnings.
[9]	Includes SFAS 157 implementation losses of $616, $10 and $24 related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[10]	The net losses on GMWB rider embedded derivatives for the three months ended March 31, 2008 were primarily due to unfavorable mortality assumptions updates. The net losses for 2007 were primarily the result of liability model assumption updates and model refinements. Liability model assumption updates were made during the second and third quarters to reflect newly reliable market inputs for volatility.
[11]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains and losses.

I-1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
LIFE

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	731		$	762		$	769		$	723		$	679			(7	%)		(6	%)	$	1,458		$	1,402			(4	%)
Tax-exempt		31			32			32			32			32			3	%		—			61			64			5	%
Total fixed maturities		762			794			801			755			711			(7	%)		(6	%)		1,519			1,466			(3	%)
Equities
Available-for-sale		22			23			23			25			31			41	%		24	%		40			56			40	%
Held for trading		1,234			(698	)		(601	)		(3,578	)		1,153			(7	%)	NM				1,444			(2,425	)	NM
Total equities		1,256			(675	)		(578	)		(3,553	)		1,184			(6	%)	NM				1,484			(2,369	)	NM
Mortgage loans		66			68			71			69			74			12	%		7	%		116			143			23	%
Policy loans		34			32			33			33			34			—			3	%		70			67			(4	%)
Limited partnerships and other alternative investments [2]		46			23			14			(17	)		9			(80	%)	NM				78			(8	)	NM
Other [3]		(27	)		(39	)		(43	)		(32	)		(9	)		67	%		72	%		(51	)		(41	)		20	%
Subtotal		2,137			203			298			(2,745	)		2,003			(6	%)	NM				3,216			(742	)	NM
Less: Investment expense		19			18			21			14			21			11	%		50	%		36			35			(3	%)
Total net investment income (loss)	$	2,118		$	185		$	277		$	(2,759	)	$	1,982			(6	%)	NM			$	3,180		$	(777	)	NM
Less: Securities held for trading		1,234			(698	)		(601	)		(3,578	)		1,153			(7	%)	NM				1,444			(2,425	)	NM
Total net investment income excluding trading securities	$	884		$	883		$	878		$	819		$	829			(6	%)		1	%	$	1,736		$	1,648			(5	%)
Annualized investment yield, before-tax [4]		6.1	%		6.0	%		5.8	%		5.3	%		5.3	%		(0.8	)		—			6.0	%		5.3	%		(0.7	)
Annualized investment yield, after-tax [4]		4.0	%		4.0	%		3.9	%		3.5	%		3.6	%		(0.5	)		—			4.0	%		3.5	%		(0.5	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	36		$	25		$	80		$	43		$	41			14	%		(5	%)	$	108		$	84			(22	%)
Gross losses on sale		(52	)		(45	)		(31	)		(110	)		(45	)		13	%		59	%		(92	)		(155	)		(68	%)
Impairments
Credit related [5]		—			(31	)		(198	)		(211	)		(64	)		—			70	%		(12	)		(275	)	NM
Other [6]		(20	)		(44	)		(51	)		(20	)		(60	)	NM			NM				(22	)		(80	)	NM
Total impairments		(20	)		(75	)		(249	)		(231	)		(124	)	NM				46	%		(34	)		(355	)	NM
Japanese fixed annuity contract hedges, net [7]		(17	)		15			15			(14	)		(9	)		47	%		36	%		(12	)		(23	)		(92	%)
Periodic net coupon settlements on credit derivatives/Japan [8]		(13	)		(9	)		(6	)		(7	)		(11	)		15	%		(57	%)		(25	)		(18	)		28	%
SFAS 157 transition impact [9]		—			—			—			(650	)		—			—			100	%		—			(650	)		—
GMWB derivatives, net [10]		(133	)		(141	)		(34	)		(110	)		(13	)		90	%		88	%		(111	)		(123	)		(11	%)
Other net gain (loss) [11]		(22	)		(58	)		(108	)		(141	)		(67	)	NM				52	%		(32	)		(208	)	NM
Total net realized capital gains (losses)	$	(221	)	$	(288	)	$	(333	)	$	(1,220	)	$	(228	)		(3	%)		81	%	$	(198	)	$	(1,448	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes real estate joint ventures.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income (excluding income related to equity securities held for trading) divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding equity securities held for trading, collateral received associated with the securities lending program and consolidated variable interest entity minority interests.
[5]	Relates to impairments for which the Company has current concerns regarding the issuer’s ability to pay future interest and principal amounts based upon the security’s contractual terms or the depression in security value is primarily related to significant issuer specific or sector credit spread widening.
[6]	Primarily relates to impairments of securities that had declined in value primarily due to changes in interest rate or general or modest spread widening and for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow recovery to cost or amortized cost.
[7]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[8]	Included in core earnings.
[9]	Includes SFAS 157 implementation losses of $616, $10 and $24 related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[10]	The net losses on GMWB rider embedded derivatives for the three months ended March 31, 2008 were primarily due to unfavorable mortality assumptions updates. The net losses for 2007 were primarily the result of liability model assumption updates and model refinements. Liability model assumption updates were made during the second and third quarters to reflect newly reliable market inputs for volatility.
[11]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments.

I-2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
PROPERTY & CASUALTY

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	267		$	278		$	276		$	261		$	248			(7	%)		(5	%)	$	534		$	509			(5	%)
Tax-exempt		106			105			109			110			109			3	%		(1	%)		209			219			5	%
Total fixed maturities		373			383			385			371			357			(4	%)		(4	%)		743			728			(2	%)
Equities — available-for-sale		12			12			16			20			19			58	%		(5	%)		22			39			77	%
Mortgage loans		10			11			10			10			9			(10	%)		(10	%)		17			19			12	%
Limited partnerships and other alternative investments [2]		61			19			26			(19	)		16			(74	%)	NM				95			(3	)	NM
Other [3]		(3	)		(11	)		(10	)		(12	)		(3	)		—			75	%		(6	)		(15	)		(150	%)
Subtotal		453			414			427			370			398			(12	%)		8	%		871			768			(12	%)
Less: Investment expense		7			7			6			5			7			—			40	%		12			12			—
Total net investment income (loss)	$	446		$	407		$	421		$	365		$	391			(12	%)		7	%	$	859		$	756			(12	%)
Annualized investment yield, before-tax [4]		6.3	%		5.6	%		5.8	%		5.0	%		5.3	%		(1.0	)		0.3			6.1	%		5.1	%		(1.0	)
Annualized investment yield, after-tax [4]		4.7	%		4.1	%		4.3	%		3.7	%		3.9	%		(0.8	)		0.2			4.5	%		3.8	%		(0.7	)
Net Realized Capital Gains (Losses)
Gross gains on sale	$	38		$	31		$	38		$	52		$	31			(18	%)		(40	%)	$	90		$	83			(8	%)
Gross losses on sale		(36	)		(36	)		(23	)		(100	)		(13	)		64	%		87	%		(62	)		(113	)		(82	%)
Impairments
Credit related [5]		(10	)		(11	)		(42	)		(57	)		(15	)		(50	%)		74	%		(10	)		(72	)	NM
Other [6]		(10	)		(24	)		(27	)		(16	)		(25	)		(150	%)		(56	%)		(11	)		(41	)	NM
Total impairments		(20	)		(35	)		(69	)		(73	)		(40	)		(100	%)		45	%		(21	)		(113	)	NM
Periodic net coupon settlements on credit derivatives [7]		3			5			4			2			1			(67	%)		(50	%)		6			3			(50	%)
Other net gain (loss) [8]		(9	)		(40	)		(46	)		(33	)		(30	)	NM				9	%		(14	)		(63	)	NM
Total net realized capital gains (losses)	$	(24	)	$	(75	)	$	(96	)	$	(152	)	$	(51	)		(113	%)		66	%	$	(1	)	$	(203	)	NM

[1]	Includes income on short-term bonds.
[2]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[3]	Primarily represents fees associated with securities lending activities. The income from securities lending activities is included within fixed maturities. Also included are derivatives that qualify for hedge accounting under SFAS 133. These derivatives hedge fixed maturities.
[4]	Yields calculated using net investment income divided by the monthly weighted average invested assets at cost, amortized cost, or adjusted carrying value, as applicable, excluding collateral received associated with the securities lending program.
[5]	Relates to impairments for which the Company has current concerns regarding the issuer’s ability to pay future interest and principal amounts based upon the security’s contractual terms or the depression in security value is primarily related to significant issuer specific or sector credit spread widening.
[6]	Primarily relates to impairments of securities that had declined in value primarily due to changes in interest rate or general or modest spread widening and for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow recovery to cost or amortized cost.
[7]	Included in core earnings.
[8]	Primarily consists of changes in fair value on non-qualifying derivatives, hedge ineffectiveness on qualifying derivative instruments and other investment gains.

I-3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTMENT EARNINGS BEFORE-TAX
CORPORATE

																Year Over
	THREE MONTHS ENDED															Year			Sequential			SIX MONTHS ENDED
	Jun. 30,			Sept. 30,			Dec. 31,			Mar. 31,			Jun. 30,			3 Month			3 Month			JUNE 30,
	2007			2007			2007			2008			2008			Change			Change			2007			2008			Change
Net Investment Income
Fixed maturities [1]
Taxable	$	6		$	8		$	6		$	8		$	9			50	%		13	%	$	14		$	17			21	%
Total fixed maturities		6			8			6			8			9			50	%		13	%		14			17			21	%
Equities — available-for-sale		—			1			2			1			1			—			—			—			2			—
Other		—			(1	)		—			—			—			—			—			—			—			—
Total net investment income	$	6		$	8		$	8		$	9		$	10			67	%		11	%		14		$	19			36	%
Net Realized Capital Gains (Losses)
Gross gains on sale		—			—			2			—			1			—			—			—			1			—
Gross losses on sale		—			—			(2	)		(1	)		(1	)		—			—			—			(2	)		—
Other net gain (loss) [2]		(3	)		—			—			2			(3	)		—		NM				(3	)		(1	)		67	%
Total net realized capital gains (losses)	$	(3	)	$	—		$	—		$	1		$	(3	)		—		NM			$	(3	)	$	(2	)		33	%

[1]	Includes income on short-term bonds.
[2]	Primarily consists of changes in fair value on non-qualifying derivatives.

I-4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC
THREE MONTHS ENDED JUNE 30, 2008 AND 2007

	Life									P&C									Corporate									Consolidated
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Gains/losses on sales, net		(10	)		4		NM				1			12		NM				—			—			—			(9	)		16		NM
Impairments
Credit related [1]		2			(32	)	NM				(6	)		(10	)		(67	%)		—			—			—			(4	)		(42	)	NM
Other [2]		(17	)		(30	)		(76	%)		(7	)		(16	)		(129	%)		—			—			—			(24	)		(46	)		(92	%)
Total impairments		(15	)		(62	)	NM				(13	)		(26	)		(100	%)		—			—			—			(28	)		(88	)	NM
Japanese fixed annuity contract hedges, net [3]		(11	)		(6	)		45	%		—			—			—			—			—			—			(11	)		(6	)		45	%
Periodic net coupon settlements on credit derivatives/Japan [4]		(8	)		(7	)		13	%		2			1			(50	%)		—			—			—			(6	)		(6	)		—
GMWB derivatives, net [5]		(65	)		(6	)		91	%		—			—			—			—			—			—			(65	)		(6	)		91	%
Other net gain (loss) [6]		(21	)		(43	)		(105	%)		(6	)		(20	)	NM				(2	)		(3	)		(50	%)		(29	)		(66	)		(128	%)
Total net realized capital gains (losses)	$	(130	)	$	(120	)		8	%	$	(16	)	$	(33	)		(106	%)	$	(2	)	$	(3	)		(50	%)	$	(148	)	$	(156	)		(5	%)

[1]	Relates to impairments for which the Company has current concerns regarding the issuer’s ability to pay future interest and principal amounts based upon the security’s contractual terms or the depression in security value is primarily related to significant issuer specific or sector credit spread widening.
[2]	Primarily relates to impairments of securities that had declined in value primarily due to changes in interest rate or general or modest spread widening and for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow recovery to cost or amortized cost.
[3]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[4]	Included in core earnings.
[5]	The net losses for 2007 were primarily the result of liability model assumption updates and model refinements. Liability model assumption updates were made to reflect newly reliable market inputs for volatility.
[6]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments.

I-5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NET REALIZED CAPITAL GAINS (LOSSES), AFTER-TAX/DAC
SIX MONTHS ENDED JUNE 30, 2008 AND 2007

	Life									P&C									Corporate									Consolidated
	2007			2008			Change			2007			2008			Change			2007			2008			Change			2007			2008			Change
Gains/losses on sales, net		10			(40	)	NM				18			(20	)	NM				—			(1	)		—			28			(61	)	NM
Impairments
Credit related [1]		(5	)		(165	)	NM				(7	)		(47	)	NM				—			—			—			(12	)		(212	)	NM
Other [2]		(18	)		(41	)		(128	%)		(7	)		(26	)	NM				—			—			—			(25	)		(67	)		(168	%)
Total impairments		(23	)		(206	)	NM				(14	)		(73	)	NM				—			—			—			(37	)		(279	)	NM
Japanese fixed annuity contract hedges, net [3]		(8	)		(15	)		(88	%)		—			—			—			—			—			—			(8	)		(15	)		(88	%)
Periodic net coupon settlements on credit derivatives/Japan [4]		(16	)		(12	)		25	%		4			2			(50	%)		—			—			—			(12	)		(10	)		17	%
SFAS 157 transition impact [5]		—			(220	)		—			—			—			—			—			—			—			—			(220	)		—
GMWB derivatives, net [6]		(54	)		(47	)		13	%		—			—			—			—			—			—			(54	)		(47	)		13	%
Other net gain (loss) [7]		(24	)		(130	)	NM				(9	)		(41	)	NM				(2	)		(1	)		50	%		(35	)		(172	)	NM
Total net realized capital gains (losses)	$	(115	)	$	(670	)	NM			$	(1	)	$	(132	)	NM			$	(2	)	$	(2	)		—		$	(118	)	$	(804	)	NM

[1]	Relates to impairments for which the Company has current concerns regarding the issuer’s ability to pay future interest and principal amounts based upon the security’s contractual terms or the depression in security value is primarily related to significant issuer specific or sector credit spread widening.
[2]	Primarily relates to impairments of securities that had declined in value primarily due to changes in interest rate or general or modest spread widening and for which the Company was uncertain of its intent to retain the investment for a period of time sufficient to allow recovery to cost or amortized cost.
[3]	Relates to the Japanese fixed annuity product (product and related derivative hedging instruments excluding periodic net coupon settlements).
[4]	Included in core earnings.
[5]	Includes SFAS 157 implementation losses related to the embedded derivatives within GMWB-US, GMWB-UK and GMAB liabilities, respectively.
[6]	The net losses on GMWB rider embedded derivatives for 2008 were primarily due to unfavorable mortality assumptions updates. The net losses for 2007 were primarily the result of liability model assumption updates and model refinements. Liability model assumption updates were made to reflect newly reliable market inputs for volatility.
[7]	Primarily consists of changes in fair value on non-qualifying derivatives and hedge ineffectiveness on qualifying derivative instruments.

I-6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
CONSOLIDATED

	June 30,					September 30,					December 31,					March 31,					June 30,
	2007					2007					2007					2008					2008
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value [1]	$	80,046		63.9	%	$	80,960		62.7	%	$	80,055		61.1	%	$	76,611		58.3	%	$	75,068		57.1	%
Equity securities, at fair value Available-for-sale [2]		2,390		1.9	%		2,449		1.9	%		2,595		2.0	%		2,463		1.9	%		2,619		2.0	%
Held for trading [3]		31,843		25.4	%		34,901		27.0	%		36,182		27.6	%		37,406		28.5	%		36,853		28.0	%
Total equity securities, at fair value		34,233		27.3	%		37,350		28.9	%		38,777		29.6	%		39,869		30.3	%		39,472		30.0	%
Policy loans, at outstanding balance		2,052		1.6	%		2,050		1.6	%		2,061		1.5	%		2,118		1.6	%		2,146		1.6	%
Mortgage loans, at cost		4,891		3.9	%		5,236		4.0	%		5,410		4.1	%		5,503		4.2	%		5,882		4.5	%
Limited partnerships and other alternative investments [4]		2,144		1.7	%		2,317		1.8	%		2,566		2.0	%		2,619		2.0	%		2,805		2.1	%
Short-term [5]		1,590		1.3	%		858		0.7	%		1,602		1.2	%		3,568		2.7	%		5,127		3.9	%
Other investments [6]		321		0.3	%		363		0.3	%		615		0.5	%		1,187		0.9	%		993		0.8	%
Total investments	$	125,277		100.0	%	$	129,134		100.0	%	$	131,086		100.0	%	$	131,475		100.0	%	$	131,493		100.0	%
Less: Equity securities held for trading		31,843		25.4	%		34,901		27.0	%		36,182		27.6	%		37,406		28.5	%		36,853		28.0	%
Total investments excluding trading securities	$	93,434		74.6	%	$	94,233		73.0	%	$	94,904		72.4	%	$	94,069		71.5	%	$	94,640		72.0	%
HIMCO managed third party accounts	$	8,343				$	8,430				$	10,872				$	9,705				$	9,216
Asset-backed securities (“ABS”)	$	9,411		11.8	%	$	9,294		11.5	%	$	8,915		11.1	%	$	8,374		10.9	%	$	8,232		11.0	%
Commercial mortgage-backed securities (“CMBS”)		17,899		22.4	%		18,133		22.4	%		17,031		21.3	%		15,056		19.6	%		14,028		18.7	%
Collateralized mortgage obligation (“CMO”)		1,514		1.9	%		1,778		2.2	%		1,745		2.2	%		1,534		2.0	%		1,326		1.8	%
Corporate		33,405		41.7	%		34,153		42.2	%		34,198		42.7	%		34,027		44.4	%		34,331		45.6	%
Government/Government agencies — Foreign		1,013		1.3	%		1,039		1.3	%		1,053		1.3	%		1,048		1.4	%		979		1.3	%
Government/Government agencies — U.S.		1,153		1.4	%		950		1.2	%		855		1.1	%		1,350		1.8	%		1,383		1.8	%
Mortgage-backed securities (“MBS”) — agency		3,073		3.8	%		2,776		3.4	%		2,763		3.5	%		2,290		3.0	%		2,372		3.2	%
Municipal — taxable		1,310		1.6	%		1,302		1.6	%		1,386		1.7	%		1,374		1.8	%		1,017		1.4	%
Municipal — tax-exempt		11,259		14.1	%		11,528		14.2	%		12,103		15.1	%		11,558		15.1	%		11,400		15.2	%
Redeemable preferred stock		9		—			7		—			6		—			—		—			—		—
Total fixed maturities [1]	$	80,046		100.0	%	$	80,960		100.0	%	$	80,055		100.0	%	$	76,611		100.0	%	$	75,068		100.0	%
AAA	$	27,177		34.0	%	$	28,781		35.6	%	$	28,318		35.4	%	$	24,418		31.9	%	$	19,238		25.6	%
AA		11,124		13.9	%		11,266		13.9	%		10,999		13.7	%		10,932		14.3	%		13,717		18.3	%
A		16,507		20.6	%		16,498		20.4	%		17,030		21.3	%		17,325		22.6	%		18,344		24.4	%
BBB		15,684		19.6	%		15,501		19.1	%		14,974		18.7	%		15,319		20.0	%		14,909		19.9	%
U.S. Government/Government agencies		6,174		7.7	%		5,383		6.6	%		5,229		6.5	%		5,071		6.6	%		5,005		6.7	%
BB & below		3,380		4.2	%		3,531		4.4	%		3,505		4.4	%		3,546		4.6	%		3,855		5.1	%
Total fixed maturities [1]	$	80,046		100.0	%	$	80,960		100.0	%	$	80,055		100.0	%	$	76,611		100.0	%	$	75,068		100.0	%

[1]	Includes $40, $425, $308, $313, and $151 in Corporate at June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008, and June 30, 2008, respectively, of which $30, $395, $303, $208 and $126 respectively, were investments held by The Hartford Financial Services Group, Inc.
[2]	Includes $56, $71, $103, $99, and $98 in Corporate at June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008, and June 30, 2008, respectively.
[3]	These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.
[4]	Includes hedge fund investments outside of limited partnerships and real estate joint ventures.
[5]	Includes $346, $59, $160 $1,050, and $1,298 in Corporate at June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008, and June 30, 2008, respectively, of which $319, $52, $154, $1,046, and $1,261 respectively, were investments held by The Hartford Financial Services Group, Inc.
[6]	Primarily relates to derivative instruments. Additionally, includes $43, $38, $43, $43, and $41 in Corporate at June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008, and June 30, 2008, respectively.

I-7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
LIFE

	June 30,					September 30,					December 31,					March 31,					June 30,
	2007					2007					2007					2008					2008
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	52,824		55.8	%	$	53,288		54.3	%	$	52,542		52.6	%	$	50,615		50.4	%	$	49,683		49.7	%
Equity securities, at fair value Available-for-sale		1,387		1.4	%		1,307		1.3	%		1,284		1.3	%		1,202		1.2	%		1,194		1.2	%
Held for trading [1]		31,843		33.7	%		34,901		35.6	%		36,182		36.3	%		37,406		37.3	%		36,853		36.8	%
Total equity securities, at fair value		33,230		35.1	%		36,208		36.9	%		37,466		37.6	%		38,608		38.5	%		38,047		38.0	%
Policy loans, at outstanding balance		2,052		2.2	%		2,050		2.1	%		2,061		2.1	%		2,118		2.1	%		2,146		2.1	%
Mortgage loans, at cost		4,236		4.5	%		4,551		4.6	%		4,739		4.7	%		4,821		4.8	%		5,135		5.1	%
Limited partnerships and other alternative investments [2]		1,050		1.1	%		1,138		1.2	%		1,306		1.3	%		1,329		1.3	%		1,407		1.4	%
Short-term		958		1.0	%		629		0.6	%		1,158		1.2	%		1,807		1.8	%		2,756		2.8	%
Other investments [3]		240		0.3	%		287		0.3	%		534		0.5	%		1,086		1.1	%		894		0.9	%
Total investments	$	94,590		100.0	%	$	98,151		100.0	%	$	99,806		100.0	%	$	100,384		100.0	%	$	100,068		100.0	%
Less: Equity securities held for trading		31,843		33.7	%		34,901		35.6	%		36,182		36.3	%		37,406		37.3	%		36,853		36.8	%
Total investments excluding trading securities	$	62,747		66.3	%	$	63,250		64.4	%	$	63,624		63.7	%	$	62,978		62.7	%	$	63,215		63.2	%
ABS	$	7,895		14.9	%	$	7,877		14.8	%	$	7,556		14.4	%	$	6,948		13.7	%	$	6,961		14.0	%
CMBS		12,558		23.8	%		12,815		24.1	%		12,056		22.9	%		10,679		21.1	%		10,006		20.1	%
CMO		1,147		2.2	%		1,401		2.6	%		1,366		2.6	%		1,215		2.4	%		1,014		2.0	%
Corporate		23,958		45.4	%		24,295		45.6	%		24,583		46.8	%		24,739		48.9	%		25,090		50.5	%
Government/Government agencies — Foreign		547		1.0	%		577		1.1	%		571		1.1	%		563		1.1	%		537		1.1	%
Government/Government agencies — U.S.		944		1.8	%		733		1.4	%		616		1.2	%		994		2.0	%		1,048		2.1	%
MBS — agency		2,133		4.0	%		1,869		3.5	%		1,913		3.6	%		1,738		3.4	%		1,633		3.3	%
Municipal — taxable		1,115		2.1	%		1,141		2.1	%		1,244		2.4	%		1,219		2.4	%		883		1.8	%
Municipal — tax-exempt		2,522		4.8	%		2,577		4.8	%		2,634		5.0	%		2,520		5.0	%		2,511		5.1	%
Redeemable preferred stock		5		—			3		—			3		—			—		—			—		—
Total fixed maturities	$	52,824		100.0	%	$	53,288		100.0	%	$	52,542		100.0	%	$	50,615		100.0	%	$	49,683		100.0	%
AAA	$	15,901		30.1	%	$	17,058		32.0	%	$	16,638		31.6	%	$	14,630		28.9	%	$	12,386		24.9	%
AA		6,997		13.2	%		7,081		13.3	%		6,914		13.2	%		6,404		12.7	%		7,479		15.1	%
A		11,921		22.6	%		12,042		22.6	%		12,335		23.5	%		12,363		24.4	%		12,926		26.0	%
BBB		11,710		22.2	%		11,432		21.5	%		11,070		21.1	%		11,413		22.5	%		11,014		22.2	%
U.S. Government/Government agencies		4,418		8.4	%		3,791		7.1	%		3,668		7.0	%		3,755		7.4	%		3,533		7.1	%
BB & below		1,877		3.5	%		1,884		3.5	%		1,917		3.6	%		2,050		4.1	%		2,345		4.7	%
Total fixed maturities	$	52,824		100.0	%	$	53,288		100.0	%	$	52,542		100.0	%	$	50,615		100.0	%	$	49,683		100.0	%

[1]	These assets support the International variable annuity business. Changes in these balances are also reflected in the respective liabilities.
[2]	Includes real estate joint ventures.
[3]	Primarily relates to derivative instruments.

I-8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPOSITION OF INVESTED ASSETS
PROPERTY & CASUALTY

	June 30,					September 30,					December 31,					March 31,					June 30,
	2007					2007					2007					2008					2008
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Fixed maturities, available-for-sale, at fair value	$	27,182		90.0	%	$	27,247		89.6	%	$	27,205		88.8	%	$	25,683		86.8	%	$	25,234		84.6	%
Equity securities, available-for-sale, at fair value		947		3.1	%		1,071		3.5	%		1,208		3.9	%		1,162		3.9	%		1,327		4.4	%
Mortgage loans, at cost		655		2.2	%		685		2.3	%		671		2.2	%		682		2.3	%		747		2.5	%
Limited partnerships and other alternative investments [1]		1,094		3.6	%		1,179		3.9	%		1,260		4.1	%		1,290		4.4	%		1,398		4.7	%
Short-term		286		1.0	%		170		0.6	%		284		0.9	%		711		2.4	%		1,073		3.6	%
Other investments		38		0.1	%		38		0.1	%		38		0.1	%		58		0.2	%		58		0.2	%
Total investments	$	30,202		100.0	%	$	30,390		100.0	%	$	30,666		100.0	%	$	29,586		100.0	%	$	29,837		100.0	%
ABS	$	1,516		5.6	%	$	1,417		5.2	%	$	1,359		5.0	%	$	1,426		5.6	%	$	1,271		5.0	%
CMBS		5,341		19.6	%		5,318		19.5	%		4,975		18.3	%		4,377		17.0	%		4,022		16.0	%
CMO		367		1.4	%		377		1.4	%		379		1.4	%		319		1.2	%		312		1.3	%
Corporate		9,407		34.6	%		9,433		34.6	%		9,307		34.2	%		8,975		34.9	%		9,090		36.0	%
Government/Government agencies — Foreign		466		1.7	%		462		1.7	%		482		1.8	%		485		1.9	%		442		1.8	%
Government/Government agencies — U.S.		209		0.8	%		217		0.8	%		239		0.9	%		356		1.4	%		335		1.3	%
MBS — agency		940		3.5	%		907		3.3	%		850		3.1	%		552		2.2	%		739		2.9	%
Municipal — taxable		195		0.7	%		161		0.6	%		142		0.5	%		155		0.6	%		134		0.5	%
Municipal — tax-exempt		8,737		32.1	%		8,951		32.9	%		9,469		34.8	%		9,038		35.2	%		8,889		35.2	%
Redeemable preferred stock		4		—			4		—			3		—			—		—			—		—
Total fixed maturities	$	27,182		100.0	%	$	27,247		100.0	%	$	27,205		100.0	%	$	25,683		100.0	%	$	25,234		100.0	%
AAA	$	11,273		41.5	%	$	11,696		42.9	%	$	11,660		42.9	%	$	9,767		38.0	%	$	6,844		27.2	%
AA		4,106		15.1	%		3,961		14.6	%		3,915		14.4	%		4,354		17.1	%		6,144		24.3	%
A		4,572		16.8	%		4,318		15.8	%		4,586		16.9	%		4,865		18.9	%		5,374		21.3	%
BBB		3,972		14.6	%		4,058		14.9	%		3,895		14.3	%		3,885		15.1	%		3,890		15.4	%
U.S. Government/Government agencies		1,756		6.5	%		1,592		5.8	%		1,561		5.7	%		1,316		5.1	%		1,472		5.8	%
BB & below		1,503		5.5	%		1,622		6.0	%		1,588		5.8	%		1,496		5.8	%		1,510		6.0	%
Total fixed maturities	$	27,182		100.0	%	$	27,247		100.0	%	$	27,205		100.0	%	$	25,683		100.0	%	$	25,234		100.0	%

[1] Includes hedge fund investments outside of limited partnerships and real estate joint ventures.

I-9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
CONSOLIDATED [1] [2]

	June 30, 2008							March 31, 2008							December 31, 2007
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss			Cost		Value		Loss
Total AFS [3] Securities
Three months or less	$	17,888	$	17,259	$	(629	)	$	15,755	$	14,968	$	(787	)	$	10,879	$	10,445	$	(434	)
Greater than three months to six months		7,755		7,175		(580	)		4,434		3,816		(618	)		11,857		10,954		(903	)
Greater than six months to nine months		4,043		3,464		(579	)		10,479		8,735		(1,744	)		10,086		9,354		(732	)
Greater than nine months to twelve months		9,863		8,188		(1,675	)		8,466		7,158		(1,308	)		2,756		2,545		(211	)
Greater than twelve months		16,897		14,480		(2,417	)		9,433		8,378		(1,055	)		10,563		10,071		(492	)
Total	$	56,446	$	50,566	$	(5,880	)	$	48,567	$	43,055	$	(5,512	)	$	46,141	$	43,369	$	(2,772	)
BIG [4] and Equity AFS [3] Securities
Three months or less	$	1,974	$	1,810	$	(164	)	$	1,742	$	1,550	$	(192	)	$	1,487	$	1,386	$	(101	)
Greater than three months to six months		634		528		(106	)		902		767		(135	)		1,181		1,026		(155	)
Greater than six months to nine months		686		579		(107	)		914		701		(213	)		687		613		(74	)
Greater than nine months to twelve months		936		677		(259	)		582		476		(106	)		188		173		(15	)
Greater than twelve months		884		707		(177	)		408		352		(56	)		386		349		(37	)
Total	$	5,114	$	4,301	$	(813	)	$	4,548	$	3,846	$	(702	)	$	3,929	$	3,547	$	(382	)

[1]	As of June 30, 2008, fixed maturities represented $5,412, or 92%, of the Company’s total unrealized loss of available-for-sale securities. The Company held no securities of a single issuer that were at an unrealized loss position in excess of 5% of the total unrealized loss amount as of June 30, 2008 and December 31, 2007. For a detailed discussion of the other than temporary impairment criteria, see “Evaluation of Other-Than-Temporary Impairments on Available-for-Sale Securities” included in the Critical Accounting Estimates section of the Management’s Discussion & Analysis and “Other-Than-Temporary Impairments on Available-for-Sale Securities” in Note 1 of Notes to Consolidated Financial Statements, both of which are included in The Hartford’s 2007 Form 10-K Annual Report.
[2]	Includes investments held in Corporate.
[3]	Represents available-for-sale (“AFS”) securities.
[4]	Represents below investment grade (“BIG”) securities.

I-10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
LIFE

	June 30, 2008							March 31, 2008							December 31, 2007
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	11,596	$	11,175	$	(421	)	$	8,949	$	8,465	$	(484	)	$	7,532	$	7,216	$	(316	)
Greater than three months to six months		4,299		3,913		(386	)		3,080		2,629		(451	)		8,807		8,126		(681	)
Greater than six months to nine months		2,891		2,460		(431	)		7,809		6,453		(1,356	)		6,179		5,678		(501	)
Greater than nine months to twelve months		7,362		6,066		(1,296	)		5,287		4,409		(878	)		2,100		1,936		(164	)
Greater than twelve months		10,871		9,220		(1,651	)		6,293		5,540		(753	)		6,782		6,459		(323	)
Total	$	37,019	$	32,834	$	(4,185	)	$	31,418	$	27,496	$	(3,922	)	$	31,400	$	29,415	$	(1,985	)
BIG and Equity AFS Securities
Three months or less	$	857	$	787	$	(70	)	$	856	$	771	$	(85	)	$	813	$	752	$	(61	)
Greater than three months to six months		358		301		(57	)		494		409		(85	)		610		545		(65	)
Greater than six months to nine months		377		312		(65	)		481		367		(114	)		401		355		(46	)
Greater than nine months to twelve months		530		376		(154	)		334		270		(64	)		151		139		(12	)
Greater than twelve months		497		385		(112	)		268		221		(47	)		218		192		(26	)
Total	$	2,619	$	2,161	$	(458	)	$	2,433	$	2,038	$	(395	)	$	2,193	$	1,983	$	(210	)

I-11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
UNREALIZED LOSS AGING
PROPERTY & CASUALTY

	June 30, 2008							March 31, 2008							December 31, 2007
	Amortized		Fair		Unrealized			Amortized		Fair		Unrealized			Amortized		Fair		Unrealized
	Cost		Value		Loss			Cost		Value		Loss			Cost		Value		Loss
Total AFS Securities
Three months or less	$	6,255	$	6,048	$	(207	)	$	6,724	$	6,424	$	(300	)	$	3,205	$	3,090	$	(115	)
Greater than three months to six months		3,436		3,243		(193	)		1,254		1,090		(164	)		2,938		2,718		(220	)
Greater than six months to nine months		1,112		966		(146	)		2,589		2,203		(386	)		3,882		3,652		(230	)
Greater than nine months to twelve months		2,469		2,091		(378	)		3,154		2,725		(429	)		648		601		(47	)
Greater than twelve months		6,014		5,249		(765	)		3,130		2,828		(302	)		3,779		3,610		(169	)
Total	$	19,286	$	17,597	$	(1,689	)	$	16,851	$	15,270	$	(1,581	)	$	14,452	$	13,671	$	(781	)
BIG and Equity AFS Securities
Three months or less	$	1,104	$	1,011	$	(93	)	$	871	$	766	$	(105	)	$	659	$	621	$	(38	)
Greater than three months to six months		269		222		(47	)		401		353		(48	)		570		480		(90	)
Greater than six months to nine months		305		264		(41	)		432		333		(99	)		284		256		(28	)
Greater than nine months to twelve months		405		300		(105	)		247		205		(42	)		37		34		(3	)
Greater than twelve months		385		320		(65	)		140		131		(9	)		168		157		(11	)
Total	$	2,468	$	2,117	$	(351	)	$	2,091	$	1,788	$	(303	)	$	1,718	$	1,548	$	(170	)

I-12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
INVESTED ASSET EXPOSURES
AS OF JUNE 30, 2008

	LIFE						P&C						CONSOLIDATED [1]
			Percent of						Percent of						Percent of
TOP TEN CORPORATE			Total						Total						Total
FIXED MATURITY	Fair		Invested				Fair		Invested				Fair		Invested
EXPOSURES BY SECTOR	Value		Assets [1]				Value		Assets [1]				Value		Assets [1]
Basic industry	$	1,924		3.0	%	Basic industry	$	791		2.7	%	Basic industry	$	2,718		2.9	%
Capital goods		1,669		2.6	%	Capital goods		597		2.0	%	Capital goods		2,268		2.4	%
Consumer cyclical		2,138		3.4	%	Consumer cyclical		740		2.5	%	Consumer cyclical		2,885		3.0	%
Consumer non cyclical		2,507		4.0	%	Consumer non cyclical		834		2.8	%	Consumer non cyclical		3,345		3.5	%
Energy		1,390		2.2	%	Energy		361		1.2	%	Energy		1,752		1.9	%
Financial services		7,851		12.4	%	Financial services		2,955		9.9	%	Financial services		10,935		11.6	%
Technology and communications		2,956		4.7	%	Technology and communications		1,166		3.9	%	Technology and communications		4,126		4.4	%
Transportation		422		0.7	%	Transportation		82		0.3	%	Transportation		504		0.5	%
Utilities		3,485		5.5	%	Utilities		1,356		4.5	%	Utilities		4,842		5.1	%
Other		748		1.2	%	Other		208		0.7	%	Other		956		1.0	%
Total	$	25,090		39.7	%	Total	$	9,090		30.5	%	Total	$	34,331		36.3	%
TOP TEN EXPOSURES BY ISSUER [2]
Bank of America Corp.	$	329		0.5	%	State of California	$	292		1.0	%	JPMorgan Chase & Co.	$	472		0.5	%
JPMorgan Chase & Co.		295		0.5	%	State of Georgia		220		0.7	%	State of California		455		0.5	%
General Electric Co.		281		0.5	%	New York, NY		215		0.7	%	Bank of America Corp.		449		0.5	%
Wachovia Corporation		272		0.4	%	State of Massachusetts		178		0.6	%	Goldman EOP [3]		411		0.4	%
Credit Suisse Group AG		270		0.4	%	JPMorgan Chase & Co.		172		0.6	%	Stedman Loan Fund II Ltd.		392		0.4	%
Stedman Loan Fund II Ltd.		261		0.4	%	Insurance Services Office, Inc.		163		0.6	%	General Electric Co.		388		0.4	%
Citigroup Inc.		253		0.4	%	Chicago, IL Wastewater Transmission		163		0.6	%	Wachovia Corporation		361		0.4	%
Citigroup/Deutsche Bank Comm. Mrtg. [3]		225		0.4	%	Metropolitan Transit Auth. NY		156		0.5	%	Citigroup Inc.		360		0.4	%
Parcs Ltd.		212		0.3	%	State of Illinois		144		0.5	%	Parcs-r [3]		319		0.3	%
Royal Bank of Scotland Group PLC		205		0.3	%	State of Louisiana		141		0.4	%	Goldman Sachs Group Inc.		311		0.3	%
Total	$	2,603		4.1	%	Total	$	1,844		6.2	%	Total	$	3,918		4.1	%

[1]	Excludes securities held for trading. Includes investments held in Corporate.
[2]	Excludes U.S. government and government agency securities, mortgage obligations issued by government sponsored agencies, cash equivalent securities, exposures resulting from derivative transactions, and securities classified as trading securities.
[3]	Includes multiple investment grade tranches.

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